Moody's estimate the cost of the shutdown at $23BN and half a point of GDP growth in the 4th quarter

Tom McKay

Moody's estimate the cost of the shutdown at $23BN and half a point of GDP growth in the 4th quarter. Direct effects of the shutdown include lost hours work and disruptions in productivity, whilst indirect effects include lower private sector activity, transportation, commercial activity. On the the debt ceiling deal Moody's says it seems to be creating the space for a grand bargain... which is what the country needs... a true bipartisan negotiation to address long term fiscal issues.


Tom McKay

I'm the Managing Director and Co-Founder of Livewire. I'm passionate about collecting and curating the markets most informed insights every day so that our members can discover new investment ideas. If you would like to get in touch - please use...

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economy debt ceiling usa shutdown

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