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In a Goldman Sachs survey of small businesses conducted between late August and early September, 70% of respondents said the government shutdown would be “negatively impacted” if the ...
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 Danish economy contracted in quarter 1 of 2020 as the GDP growth transitioned from 0.4% in quarter 4 of 2019 to -0.8% in quarter 1 of 2020 due to the deadly pandemic. Following the dip in GDP in quarter 1 of 2020, another decline came in quarter 2 as it went from -0.8% to -5.9% which resulted in a deep recession. [ 349 ]
A weekly update on the impact of the COVID-19 pandemic on the world economy, and on major individual economies such as the US, China, Japan, other Asian economies, Europe, Australia and New Zealand has been produced by Saul Eslake, one of Australia's best-known economists, since late April 2020.
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.
Johnson's original plan called for extending government spending at current levels until March and added other provisions like relief for disaster victims and farmers and a pay raise for members ...
Shutdowns also cause a significant reduction in economic growth (depending on the length of the shutdown). During the 2013 shutdown, Standard & Poor's , the financial ratings agency, stated on 16 October that the shutdown had "to date taken $24 billion out of the economy", and "shaved at least 0.6 percent off annualized fourth-quarter 2013 GDP ...