Thursday, November 07, 2013

The FY2014 Government Shutdown: Economic Effects-A report from the Congressional Research Service


From the Summary
 
This report discusses the effects of the FY2014 government shutdown on the economy. It also reviews third-party estimates of the effects of the shutdown on the economy, which predicted a reduction in gross domestic product (GDP) growth of at least 0.1 percentage points for each week of the shutdown, with a cumulative effect of up to 0.6 percentage points in the fourth quarter of 2013. The Congressional Research Service does not plan to provide an independent estimate of the economic impact of the shutdown.
 Source: Congressional Research Service, Library of Congress [via Secrecy News]

Download full pdf report: The FY2014 Government Shutdown: Economic Effects

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