Hassett: The impact of a U.S. government shutdown on the economy is far more severe than expected, and GDP growth in the fourth quarter will decrease
White House National Economic Council Director Hassett stated that a government shutdown will severely impact the economy, with GDP growth in the fourth quarter expected to decline, particularly affecting the tourism and leisure industries the most
White House National Economic Council Director Hassett: Due to the government shutdown, GDP growth in the fourth quarter will decrease. The impact of the U.S. government shutdown on the economy is far more severe than expected. The tourism and leisure industry is one of the sectors most affected.
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