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US shutdown cut $11 billion from GDP, $3 billion won't be recovered

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Staff Writer | January 29, 2019
Donald Trump
America   All but $3 billion, or 0.02 per cent of GDP, will eventually be recovered

The five-week government shutdown subtracted $11 billion from the US economy, about twice the amount President Donald Trump sought to fund a border wall, an independent congressional body said.

However, all but $3 billion, or 0.02 per cent of GDP, will eventually be recovered as the government resumes operations, the non-partisan Congressional Budget Office said in a report.

The estimate suggested the damages from the political brawl in Washington were significant but stopped short of the far worse harm that could have occurred had it been allowed to continue.

"Underlying those effects on the overall economy are much more significant effects on individual businesses and workers," the report said.

"Some of those private-sector entities will never recoup that lost income."


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