“We could see a hit to the GDP, a hit to growth and a hit to working America.”Prolonged failure to reach a deal would be costly.“We estimate that each week of shutdown would reduce US GDP growth by 0.1 percentage points (ppt) in Q4 (in annualized terms), translating into a $7 billion weekly hit to the economy,” a report by EY Parthenon said, citing the effect of lack of pay for furloughed federal workers, delayed government procurement of goods and services and decline in demand.
Government shutdown could cost US economy billions of dollars a week, analysts say
From The Guardian
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