Published by Benjamin Chiou on 3rd October 2025
(Sharecast News) - Senior officials inside Donald Trump's administration have acknowledged the federal government shutdown, without an end in sight, could hurt the US economy. The damage could be worth billions of dollars each week, according to analysts. [...] "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. - The Guardian