The government shutdown could cause the US economy to shrink, Credit Suisse warns
|01/22/2019||Posted by BusinessMediaguide.Com under General World News||
- Economists have lowered GDP growth forecasts since the partial government shutdown began.
- About 800,000 government workers are bracing for a second missed paycheck this week.
- As the impasse continues into its fifth week, some see an economic contraction as a possibility.
After about a quarter of the government was shut down in December, economists began to dim their outlooks for business activity in the US. But as the longest shutdown on record continues into its fifth week, some are considering the possibility of economic growth turning negative.
About 800,000 government workers were bracing for another missed paycheck this week as lawmakers and the read more >>>