GOLDMAN SACHS: The government shutdown will take a toll on the US economy, but the pain won't last long
Goldman Sachs says the government shutdown will result in a 0.2% reduction in first-quarter GDP for every week it persists. Expect the government shutdown to slowly drain the US economy, says Goldman Sachs. Now that the federal government has failed to successfully negotiate a funding bill, first-quarter gross domestic product (GDP) will slip by 0.2 percentage points for each week the shutdown persists, according to Goldman.
Source:: https://finance.yahoo.com/news/goldman-sachs-government-shutdown-toll-172929368.html
