The Shutdown’s Economic Impact

Bearish

• $GDP— Government shutdowns mechanically reduce quarterly GDP calculations by approximately 0.1% for each week of shutdown

  • “For every week that they don't work, it's about 11 basis points. So about a tenth of a percentage point off of quarterly annualized GDP in q four.”

    Alec·8:19Hear it
• $AIRLINES— Extended government shutdowns could lead to TSA staffing issues, causing longer airport lines and operational disruptions

  • “some of them might just decide they don't want to go to work for a while. And that's what happened back in some previous shutdowns that affected the TSA. So you start to see airport lines get longer and all of those sorts of things.”

    Alec·8:06Hear it

Not investment advice.