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Top Trump economic adviser says shutdown could led to zero GDP in the first quarter

January 23, 2019

The U.S. economy might not grow at all in the first three months of 2019 if the partial government shutdown goes on much longer, President Trump’s top economic adviser says.

Kevin Hassett said in an interview with CNN that gross domestic product in the first quarter could be “very close to zero” if the shutdown doesn’t end soon.

Hassett, chairman of the White House Council of Economic Advisers, has issued several warnings about the economy in a reversal from the earlier White House stance of saying it would have little effect.

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