Philippines, Oct. 2 -- International credit rating agency S&P Global reported Wednesday that the government shutdown will slightly hit gross domestic product (GDP) growth in the United States and will raise the uncertainty in the economy.
S&P estimated in a report that every week the federal government stays closed, the economic growth could be reduced by 0.1-0.2 percentage points.
"This figure accounts mainly for direct costs and hence is a conservative estimate relative to the decrease, including hard-to-estimate indirect costs," it said in a statement.
The statement said this estimate was based on the effects of previous shutdowns and that lost GDP growth was often partially offset by federal employees receiving retroactive pay after...