Goldman Sachs: The US government shutdown could deal the worst blow to the US economy in history
2025-11-03 13:30:19
Goldman Sachs economist Alec Phillips warned that the U.S. government shutdown could have the biggest economic impact on record, lasting longer than the 35-day shutdown in 2018-19 and affecting more institutions. The six-week shutdown could shave 1.15 percentage points off fourth-quarter growth, which is not expected to rebound until early 2026.
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