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The 2013 government shutdown cost 0.1%-0.2% of the annualized GDP growth rate per week [1]. If I'm understanding correctly and doing my math right, with a GDP o
by larkeith 8y ago
The 2013 government shutdown cost 0.1%-0.2% of the annualized GDP growth rate per week [1]. If I'm understanding correctly and doing my math right, with a GDP of about 20t $usd and a 3.5% growth rate, that's a 350b-700b $usd reduction in GDP.
[1] https://www.economist.com/united-states/2013/10/03/closed-until-further-notice https://www.economist.com/united-states/2013/10/03/closed-un...