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[size=36]Disclosure of the cost of government closures in the United States[/size]
08:37 - 12/01/2019
Follow - up - the balance of News
revealed a report by the "CNBC" channel that the cost of the US government closure in the United States will be greater than the amount demanded by President Donald Trump to finance the construction of the wall on the border.
According to forecasts by Wells Fargo Financial Services analysts, the US closure will cost the US economy $ 2 billion a week.
S & P Global estimates, which are more conservative, the cost of government closures as of Friday, January 11, was $ 3.6 billion. It expects to close each week of $ 1.2 billion or 0.05 percent of GDP in a quarter of a year.
"If the partial government closure continues for another two weeks, we estimate its total impact at $ 6 billion, which would be greater than the $ 5.7 billion needed to build the border wall," said Beth Anne Bovino, chief economist at S & P Global Ratings.
Government closures have been continuing in the United States since Dec. 22 on the backdrop of differences between President Donald Trump and lawmakers over financing the construction of the wall along the border with Mexico. The closure lasted 9 bodies, or about a quarter of the US government.
It should be noted that the longest government closure earlier lasted 3 weeks between December 1995 and January 1996, against the background of differences between President Bill Clinton and then Speaker of the House of Representatives Newt Gingrich on the budget.
revealed a report by the "CNBC" channel that the cost of the US government closure in the United States will be greater than the amount demanded by President Donald Trump to finance the construction of the wall on the border.
According to forecasts by Wells Fargo Financial Services analysts, the US closure will cost the US economy $ 2 billion a week.
S & P Global estimates, which are more conservative, the cost of government closures as of Friday, January 11, was $ 3.6 billion. It expects to close each week of $ 1.2 billion or 0.05 percent of GDP in a quarter of a year.
"If the partial government closure continues for another two weeks, we estimate its total impact at $ 6 billion, which would be greater than the $ 5.7 billion needed to build the border wall," said Beth Anne Bovino, chief economist at S & P Global Ratings.
Government closures have been continuing in the United States since Dec. 22 on the backdrop of differences between President Donald Trump and lawmakers over financing the construction of the wall along the border with Mexico. The closure lasted 9 bodies, or about a quarter of the US government.
It should be noted that the longest government closure earlier lasted 3 weeks between December 1995 and January 1996, against the background of differences between President Bill Clinton and then Speaker of the House of Representatives Newt Gingrich on the budget.
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