US economy hit by $6 billion loss due to partial shutdown

January  27, 2019 | Investopaper

According to the reports from S&P Global Ratings, US economy has lost $6 billion due to the government shutdown. The shutdown has led to the layoff of workers eventually resulting in low productivity. Similarly, another reason for the loss is due to economic activity lost to outside business.

Finally, President Trump, this Friday agreed to bring an end to the longest partial shutdown in history which lasted for 35 days. He broke his resilience to get funding of $2.5 billion at least to build a Mexican border wall that was adjudged ineffective and wasteful by the Democrats.

S&P said that still the market sentiments and business confidence is expected to be influenced by little agreement on Capitol Hill.



Investopaper is a financial website which provides news, articles, data, and reports related to business, finance and economics.

Leave a Reply

Your email address will not be published.

error: Content is protected !!