But the U.S. government shutdown will not only diminish growth domestically. As the largest economy in the world, American imports are a major driving force of other nations’ GDP.
A survey conducted by Global Sources asked Chinese exporters how the U.S. government shutdown has and will in the future affect their businesses. 43% of those surveyed reported having already had their orders reduced. The best plan of action to cope with the impacts of the shutdown seems to be “wait and see”.
Via Floating Path