Government shutdowns can hurt like recessions hurt. The OMB estimated the cost of 2013's 16-day shutdown at between $2-6 billion of lost output. Based on those estimates, a shutdown lasting into early February could cause a .07% loss of GDP , similar to losses in a significant recession.
Government shutdowns can hurt like recessions hurt. The OMB estimated the cost of 2013's 16-day shutdown at between $2-6 billion of lost output. Based on those estimates, a shutdown lasting into early February could cause a .07% loss of GDP , similar to losses in a significant recession.
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