Economic activity typically snaps back soon after a shutdown ends, but not before the partial stoppage damages growth. The 2013 shutdown cut job creation in the sector by about 120,000 over two weeks, the Council of Economic Advisers estimated in an analysis conducted immediately afterward. As a whole, shutdowns cost the economy at least 0.1 percentage point of growth per week, and probably much more, the Congressional Research Service surmised in a report in 2014. President Trump’s Council of Economic Advisers estimates that every week of furloughing federal workers would reduce annual economic growth by 0.2 percentage point. Another shutdown would trim at least $6.5 billion a week from the nation’s economic output, economists at Standard & Poor’s suggested.

Source: New York Times January 20, 2018 20:50 UTC