US economy lost at least $6 billion after government shutdown

Amman, The U.S. economy has lost at least $6 billion during the partial shutdown of the federal government due to lost productivity from furloughed workers and economic activity lost to outside business, a new economic report said Friday.

The Standard & Poor Global Ratings (S&P ) newly published report said that President Donald Trump agreed on Friday to end the 35-day partial shutdown, the longest in history, without getting the $5.7 billion he had demanded from Congress for a border wall.

“Although this shutdown has ended, little agreement on Capitol Hill will likely weigh on business confidence and financial market sentiments,” the report added.

S&P Global Ratings is an American financial service company and one of the world’s leading provider of credit ratings, with more than 1 million credit ratings outstanding on government, corporate, financial sector and structured finance entities and securities.

It’s ratings covers 28 countries around the world and provides high-quality market intelligence in the form of credit ratings, research, and thought leadership.

Source: Jordan News Agency