US Government Shutdown Will Inflict Temporary Pain to Economy

A prolonged shutdown of the U.S. government amid a standoff over funding between Republicans and Democrats in Congress could dent economic growth in the fourth quarter, but much of the lost output would be recovered when normal operations resume.

Economists estimated that the shutdown was shaving 0.1 to 0.2 percentage points off annualized inflation-adjusted gross domestic product growth per week. The hit from the shutdown, now in its third week, would be largely on consumer spending and lost federal worker productivity. About 700,000 federal workers have been...

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