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The effect on the economy may depend on how long any stoppage lasts. ... The Lincoln Memorial and all national parks were closed in 2013 when the government shut down that year.
The most expensive government shutdown in history led to about $3 billion permanently taken out of the US economy, according to the Congressional Budget Office. The reason: that 2018-2019 standoff ...
Goldman Sachs analysts project that a government-wide shutdown would reduce economic growth by around 0.15 percentage points for each week it lasted — but then “growth would rise by the same ...
“The Republican shutdown is going to have serious consequences for our economy, vis-a-vis small businesses.” said Isabella Casillas Guzman, administrator of the Small Business Administration ...
Another government shutdown is looming ever closer as Congress continues to race to fund the government before the weekend. ... Here's how a government shutdown would impact: Social Security ...
The American Big Three have all shut down their US factories. [143] The German automotive industry came into the crisis after having already suffered from the Dieselgate-scandal, as well as competition from electric cars. [144] Boeing and Airbus suspended production at some factories. A survey conducted by the British Plastics Federation (BPF ...
The following table illustrates the impact of the pandemic on key economic measures. February 2020 represented the pre-crisis level for most variables, with the S&P 500 stock market index (a leading indicator) falling from its February 19 peak. From February through June, the number of persons with jobs was down 14.6 million.
On March 3, 2020, the Federal Reserve lowered target interest rates from 1.75% to 1.25%, [277] the largest emergency rate cut since the 2008 global financial crisis, [278] in an attempt to counteract the outbreak's effect on the American economy. [279]