US: Growth implications of the government shutdown taking its toll – Danske Bank

Piet P. H. Christiansen, senior analyst at Danske Bank, suggests that the concerns about the growth implications of the US government shutdown have started to circulate.

Key Quotes

“Yesterday, White House economic advisor Kevin Hassett cautioned that zero growth is possible should the shutdown continue through March, followed by ‘humongous’ growth once the shutdown ends. Later, media reports suggested that the Democrats may grant President Trump his USD5bn-plus budget request to increase border security. However, those funds are said not to be used to build a wall, but ‘only’ to increase border security.”