Potential U.S. Government Shutdown Could Have Significant Economic Impact

According to Odaily, Goldman Sachs economist Alec Phillips has warned that a potential U.S. government shutdown could result in one of the most significant economic impacts in history. The shutdown is expected to last longer than the 35-day shutdown of 2018-19 and affect more institutions. A six-week shutdown could reduce the fourth-quarter economic growth rate by 1.15 percentage points, with recovery anticipated by early 2026.