Sunday , June 13 2021

The Fed and the IMF warn that the US will lose to a group of growth due to the closing of the government – 01/19/2019



The Donald Trump government continues to cause the establishment. On criticism of the commercial war with China and its protection in & # 39; Shocking Wall Street, the warnings are now being added by the high costs that the North American economy has to pay when closing its government.

The downturn takes 28 days of administrative halt and is already "an obstacle to economic growth", warned the head of the Federal Reserve Bank of New York, one of & # 39; a Fed, the central bank of the United States.

John Williams, who also referred to as vice-president of the Federal Reserve Committee, said that rich unemployment was the period of & # 39; qualifying a GDP by one percentage point in the first year. He added that the size set by Trump is one of "win against growth."

The president created the conditions for this closure by expecting the prejudice about $ 5,500 million to build a wall at the national border with Mexico. But, according to analysts, that party is just a suggestion. The intention of the president was to make a strong decision on his political opponents just as they were checking from & # 39; a strategic house of representatives.

Nancy Pelosi, president of the House of Representatives. AP

Nancy Pelosi, president of the House of Representatives. AP

The Democratic leadership, led by hardly Nancy Pelosi, president of the side, has called against this wall service, its earned need and said there are other options to solve the problem of immigration. So the budget was not expected or expected. Tromp adopts a humanitarian tragedy at a border. But statistics indicate that migration is much less than in the past, confirming political maneuver.

Banker Williams ultimately estimates that a cut would reduce HBP growth by half a percentage point, "maybe even a percentage point if he goes through," but says he is emerging when it ends.

Economists say that above the loss of federal workers due to the lack of budget firms, the closure blocks economic activity systematically. It is about issuing licenses, data collection, regulatory obligations, contract payments and payment of subsidies and amounts in various sectors, such as agriculture.

On Thursday of last week, the International Monetary Fund also warns the White House to warn that the horrific effects of closing will continue if it stays. Last year, the Federal Reserve saw a growth of 2.3 percent for 2019, as in 2018.
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