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Government shutdown could cost US economy billions of dollars a week, analysts say

1. Federal government shutdown could cost the US economy billions weekly. 2. Shutdown may reduce GDP growth by 0.1 percentage points per week. 3. Potential job loss of 43,000 workers with prolonged shutdown. 4. Shutdown impacts consumer spending by approximately $30 billion per month. 5. Financial markets may weaken due to increased uncertainty and delayed data.

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FAQ

Why Bearish?

Economic volatility usually negatively affects investor confidence, as seen in past shutdowns.

How important is it?

Government shutdowns historically correlate with short-term declines in markets and economic activity.

Why Short Term?

Immediate effects from potential declines in GDP and consumer spending expected.

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