White House Says Shutdown Could Cause Zero Economic Growth

The video discusses the economic impact of the US government shutdown, highlighting concerns about potential zero growth in the first quarter due to residual seasonality. It also addresses the slump in consumer confidence, trade concerns, and global economic weaknesses, particularly in manufacturing sectors of major economies like Japan, France, Germany, and Italy. The discussion includes the potential effects on US economic policy, with the Fed facing challenges in assessing underlying economic strength due to the shutdown's impact on GDP figures. The video concludes with insights into policy responses and the postponement of rate hikes.

What did the Chief economist with the White House say about growth this quarter?

How is the shutdown affecting consumer confidence according to the Michigan Consumer Survey?

What concerns were raised about the global economy in relation to the shutdown?

What potential long-term effects could the shutdown have on government policies?

How might the Federal Reserve's perception of economic strength be affected by the shutdown?