Investing.com | Editor Oliver Gray
Published Oct 30, 2023 08:08PM ET
Goldman Sachs economists have revised their projections for U.S. GDP growth and the likelihood of a government shutdown, following changes in House leadership and geopolitical risks. The fourth quarter of 2023 is now expected to see a GDP growth of +1.6%, and the first quarter of 2024 is anticipated to record a +1.7% increase. These adjustments discard previous assumptions of a government shutdown.
Newly elected House Speaker, Mike Johnson (R-La), has committed to avoiding a government shutdown during his recent appearance on FOX News’ “Sunday Morning Futures.” Congress faces a deadline of November 17 to pass legislation preventing a partial shutdown. Johnson’s proposed solution is a stopgap continuing resolution (CR) that extends funding…
