Leave your feedback Share Copy URL https://www.pbs.org/newshour/nation/one-week-shutdown-will-reduce-4th-quarter-growth Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter One-week shutdown will reduce 4th quarter growth Nation Oct 3, 2013 5:10 PM EDT The Committee for a Responsible Federal Budget assembled analysts’ and banks’ predictions of how the shutdown will affect GDP growth into what WonkBlog is calling, “How the shutdown hurts the economy, in one chart.” “The consensus is that a one week shutdown will cut fourth quarter growth by 0.1 or 0.2 percentage points,” writes Dylan Matthews. But two influential analysts — Mark Zandi at Moody’s and Ethan Harris at Merrill Lynch — see growth taking closer to a 1.4 and 2 percentage point hit, respectively. A free press is a cornerstone of a healthy democracy. Support trusted journalism and civil dialogue. Donate now
The Committee for a Responsible Federal Budget assembled analysts’ and banks’ predictions of how the shutdown will affect GDP growth into what WonkBlog is calling, “How the shutdown hurts the economy, in one chart.” “The consensus is that a one week shutdown will cut fourth quarter growth by 0.1 or 0.2 percentage points,” writes Dylan Matthews. But two influential analysts — Mark Zandi at Moody’s and Ethan Harris at Merrill Lynch — see growth taking closer to a 1.4 and 2 percentage point hit, respectively. A free press is a cornerstone of a healthy democracy. Support trusted journalism and civil dialogue. Donate now