Government Shutdown Could Cost Economy Up to $14 Billion, Warns Experts

1 min read
Source: Fortune
Government Shutdown Could Cost Economy Up to $14 Billion, Warns Experts
Photo: Fortune
TL;DR

The ongoing government shutdown, now the second-longest in U.S. history, could result in a loss of up to $14 billion in real GDP, with some economic effects not fully recoverable. While most losses are expected to be made up after the government reopens, the shutdown will temporarily reduce economic activity, impact federal spending, and slow GDP growth through the end of 2025.

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