US EditionShutdown Nears Its End — But Economic Damage Is Mounting, Goldman Says
Goldman Sachs forecasts a 1.15 percentage-point drop in U.S. economic growth due to the 34-day shutdown, surpassing previous shutdown impacts on federal spending and private activity.
6 Articles
6 Articles
A longer shutdown could have a greater impact on federal purchases and investments and potentially the private sector
Analysts at Goldman Sachs warned in an analysis report on Monday that the decline in economic activity during the current government shutdown could significantly outweigh the effects of the previous shutdown, Yahoo reported. The suspension of funding for federal institutions and programs in the United States continues for the 34th day. The current shutdown has affected many more agencies than the previous government shutdown, which lasted 35 day…
The U.S. government’s standstill is long, but Goldman Sachs predicts that a resolution could reach mid-November, when an economic upturn is expected thanks to the reactivation of federal spending. The closure of key agencies has affected from food aid to air traffic, and could subtract 1.15 points from GDP in the fourth quarter.
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