The record partial government shutdown could cost the US economy more than the $5.7 billion which President Donald Trump has demanded to fund his proposed border wall.
Beth Ann Bovino, the chief US economist for S&P Global, estimated in a research note on January 11 that every week of the shutdown would shave around $1.2 billion off the US’s GDP.
The US is now in an unprecedented fifth week of the shutdown. According to this projection, by some time around Friday January 25, the total damage will have surpassed the $5.7 billion which prompted the shutdown in the first place.