Macroeconomic Advisers ran the numbers and came up with: a 0.3 percentage point drag on gross domestic product in the fourth quarter. They assume a two-week shutdown starting Oct. 1, and note that the output would rebound in the first quarter of 2014.
The GDP impact from a brief government shutdown - Capitol Report - MarketWatch
There is still hope even after shutdown. I seems to me we should expect it unless the Obama administration is not willing to see the 0.3 shrink in the economy. I wonder how they still think, with this fragile economy, that there would be an easy rebound in 2014
ReplyDeleteDon't you guys love how the government wait until the last minute to get down to business. Procrastination is EVERYWHERE!
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