Reported about 11 hours ago
The ongoing U.S. government shutdown, now the second-longest in history, poses significant economic risks as experts warn of potential long-term consequences. Economists highlight concerns over unpaid federal workers, disrupted contracts, and declining consumer spending, estimating a GDP loss of 0.1 to 0.2 percentage points weekly. The shutdown's continuation threatens small businesses and federal contractors, leading to possible layoffs and cash flow issues. While past shutdowns had temporary effects, the increasing duration raises fears of more lasting damage to economic growth.
Source: YAHOO