Derived from Coinomedia, macro hedge fund manager Scott Bessent stated that the $11 billion economic loss from the recent U.S. government shutdown is unlikely to trigger a recession. He cited strong consumer spending, job growth, and overall economic resilience as key reasons for this assessment. While the shutdown caused temporary disruptions, including halted government services and delayed paychecks for federal workers, Bessent emphasized that the U.S. economy remains fundamentally stable and capable of absorbing such short-term shocks.
Bessent: $11B Shutdown Hit Won't Trigger Recession
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