Partial Closure Expected to Cost US $ 3 Billion US GDP | Economy



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The paper states that the fourth quarter GDP of 2018 (expected to be released on Wednesday 30) is expected to show a bottom line of $ 3 billion that it would be without the effects of closure. In the data for the first quarter of this year, the effect is estimated at $ 8 billion.

However, the report states that much of this amount will have to be "compensated", offset by the reactivation of government operations, and that the losses will be only $ 3 billion, or 0.02% GDP in the coming years.

The Ministry warns, however, that businesses and workers are much more affected. During the five weeks of partial government closures, about

"Among the most widely and most directly affected are federal employees facing deferred compensation and private sector entities losing contracts" , says the report, according to which

The shortage, which is the longest in the history of the United States, affects about 800,000 workers, who must work without pay or who were to remain on unpaid leave.

After a tough battle with the Democratic opposition, President Donald Trump agreed Friday to close the government at the partial closure of the government, held since Dec. 22 for refusing to sign the budget if no funding is needed. 39, was planned for the government. build a wall in the city bordering Mexico.

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