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2025-11-03 21:26:43
[Goldman Sachs Warns: US Government Shutdown Could Have the Largest Economic Impact on Record] ⑴ In a recent report, Goldman Sachs economist Alec Phillips points out that the current US government shutdown could have the largest economic impact on record, exceeding the previous record of 35 days set in 2018-19. ⑵ This shutdown is not only longer, but also significantly broader in scope, affecting everything from air traffic control to the federal food stamp program. ⑶ Model predictions show that if the shutdown continues until November 12 (approximately six weeks), it will reduce the annualized quarter-on-quarter GDP growth rate in the fourth quarter by 1.15 percentage points. ⑷ Although the economy is expected to recover in the first quarter of 2026, the continued shutdown is putting increasing pressure on Congress to resolve the deadlock.
