The partial government shutdown, the longest on record, reached its 34th day Thursday. Furloughed government workers have already missed one paycheck, and many are set to miss their second on Friday.
And while the direct impact from the shutdown is a “loss in real government expenditures,” according to economists at Bank of America Merrill Lynch, the indirect impact is the response of US businesses and consumers.
A recent survey conducted by the bank found that 34% of respondents thought the economy had worsened in the past year. Another 34% said the outlook for the economy had dimmed.