U.S. economic growth will be slower if shutdown continues

Note: This section contains information in English only.
Source: Bloomberg
The U.S. economy will face a 0.1% cut from economic growth each week, if the shutdown of government services continues. Alongside, some economists expect the world's largest economy to lose 0.4% from growth every week. The governmental shutdown began yesterday, as the Congress did not accept the budget, while 800,000 workers went on unpaid vacations, closing museums and national parks.
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Wed, 02 Oct 2013 11:08:05 GMT

Lew tries to avoid budget default

U.S. Secretary of Treasury Jacob Lew addressed to Congress that his department stated to take some measures to extend the period, in which the government will be able to pay for its liabilities. On October 17 it will be only $30 billion in budget left, while on some days federal expenditures exceed revenues by $60 billion, so the Congress must

Wed, 02 Oct 2013 10:46:03 GMT

Car sales in Germany declined 5%

Car sales in the largest economy of Eurozone have slipped slightly in September of this year, according to information by industry sources on Wednesday. In August sales lost 5% to 214,000 units, but the pace of decline in September will be slower. Economists say that economic recovery in the common currency area will continue and it may raise durable goods

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