Marc Labonte: The FY2014 Government Shutdown: Economic Effects: Noted
Marc Labonte: The FY2014 Government Shutdown: Economic Effects:
The federal government experienced a funding gap beginning on October 1, 2013, which ended... on October 17, 2013.... This report discusses the effects of the FY2014 government shutdown... reviews third-party estimates... which predicted a reduction in gross domestic product (GDP) growth of at least 0.1 percentage points for each week of the shutdown, with a cumulative effect of up to 0.6 percentage points in the fourth quarter of 2013.... Where detail was provided, most forecasters did not factor in any multiplier or indirect effects of the shutdown. In that sense, the estimates reviewed can be thought of as a lower bound on the overall effects on economic activity.
