BFF-46 US shutdown subtracted $11 bn from GDP: congressional report

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BFF-46

US-POLITICS-SHUTDOWN

US shutdown subtracted $11 bn from GDP: congressional report

WASHINGTON, Jan 28, 2019 (BSS/AFP) – The five-week US government shutdown subtracted a total of $11 billion from GDP, about twice the amount President Donald Trump had sought in funding for a border wall, a congressional body said Monday.

However, all but $3 billion, or 0.02 percent of GDP, will eventually recovered as the government resumes operations, the Congressional Budget Office said in a report.

BSS/AFP/MMA/2128HRS