- Bonuses and Promotions
The losses of the American economy as a result of the suspension of the work of a part of the US federal agencies may amount to about $ 1.2 billion a week if the shutdown drags on, said Kevin Hasset, adviser to the US president for economic issues.
Despite the fact that such losses will weaken the growth of the country's economy by only 0.05 percentage points, they can make it difficult for the US government to achieve stable GDP growth at 3%, Politico writes.
As reported, the work of the federal departments in the United States was suspended from December 22, 2018 due to lack of funding. The problem arose because of disagreements between US President Donald Trump and the Democratic lawmakers over the allocation of budget funds for the construction of a wall on the border with Mexico.
About 800 thousand civil servants sent on leave without wages or continuing to work, but not receiving salary checks because of the shutdown, will be forced to cut costs, experts say. Private contractors working with the state have already experienced the negative consequences of a lost business.
The US authorities have promised to partially pay the salaries of employees sent on forced leave because of the suspension of government agencies.
In 2018, only a quarter of state operations remained without funding, so spending will approach the level of 2013 only with a serious tightening of the shatdaun.
Experts note that the shatdaun came at a time when uncertainty about the prospects for the US economy is already quite high. Global growth is slowing, trade tensions remain serious, and the US economy is beginning to feel the effects of rising interest rates.
In this regard, most experts expect that US GDP growth will slow down in 2019 and will be below Trump's target at 3%.