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US CBO Warns: Partial Govt Shutdown, Trade War to Dent Local Econ Notably
The U.S. Congressional Budget Office (CBO) warned that the country's economic growth will be considerably dented by earlier partial government shutdown and trade war with China...
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US CBO Warns: Partial Govt Shutdown, Trade War to Dent Local Econ Notably
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2019/01/29 08:56
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The U.S. Congressional Budget Office (CBO) warned that the country's economic growth will be considerably dented by earlier partial government shutdown and trade war with China.

The 35-day shutdown will hurt the U.S. GDP for 4Q18 and 1Q19 by 0.1 ppt and 0.2 ppts, CBO estimated. It also forecast trade tussles with China will drag the U.S. real economy down by 0.1 ppt on average in each of the next ten years, owing to less exports and influence on consumption power under heightened tariffs.
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