Monday 22 April 2019 ,
Monday 22 April 2019 ,
Latest News
  • Sri Lanka serial blasts: Death toll hits 207
  • Two Bangladeshis missing after Sri Lanka blasts
  • Journalist Mahfuz Ullah still alive, says daughter
  • Stand against terrorism: Hasina
  • President, PM condemn Sri Lanka attacks
  • Foreign Minister mourns loss of lives in Sri Lanka
19 January, 2019 00:00 00 AM
Print

IMF warns of economic hit from extended US govt shutdown

IMF warns

While it is too soon to gauge the economic damage from the US government shutdown, the longer it continues the worse it will be, the International Monetary Fund warned Thursday.

The shutdown that has left 800,000 federal workers nationwide without pay is the longest on record and now in its fourth week.

“The longer the shutdown is in effect the bigger impact it will have on the economy,” IMF spokesman Gerry Rice told reporters.

“We encourage the US authorities, in both Congress and the executive branch, to work together in a spirit of compromise to pass a funding bill that can reopen the federal offices.”

However, he said it is “still very early days in terms of making an economic assessment of the impact of the shutdown.”

The IMF is due to release a quarterly update of its World Economic Outlook on Monday, which will include a new estimate for US GDP growth.

Some economists project the shutdown could trim a tenth of a point off US GDP in the first quarter, and even the White House acknowledged that the impact will be worse that initially thought, according to reports.

 

Comments

Poll
Today's Question »
State minister for power Nasrul Hamid yesterday said everyone to have access to electricity by June. Do you think the feat achievable by the timeframe?
 Yes
 No
 No Comment
Yes 52.6%
No 43.5%
No Comment 4.0%
Most Viewed
Digital Edition
Archive
SunMonTueWedThuFri Sat
010203040506
07080910111213
14151617181920
21222324252627
282930

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting