Goldman Sachs economists said a temporary government shutdown is "more likely than not" after Sept. 30 when the fiscal year ends, according to a customer note by the firm's chief US political economist, Alec Phillips, sent on Sunday, according to Reuters as well a multiple other news reports.
Although the impact to GDP is predicted to be negative and still low, that would include a 20-basis point weekly decline so long as a shutdown were in place. That loss would likely reverse itself the quarter after a shutdown.
There are also potential impacts on private industry, including various problems that the CRE industry could expect.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
