U.S. Shutdown Subtracted $11 Billion from GDP, Congressional Report Says

by Naharnet Newsdesk 28 January 2019, 17:14

The five-week U.S. government shutdown subtracted a total of $11 billion from GDP, about twice the amount President Donald Trump had sought in funding for a border wall, a congressional body said Monday.

However, all but $3 billion, or 0.02 percent of GDP, will eventually recovered as the government resumes operations, the Congressional Budget Office said in a report.

Source: Agence France Presse

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