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FX.co ★ U.S. political games worrying other states

U.S. political games worrying other states

U.S. political games worrying other states

British Prime Minister David Cameron has touched one of the most important issues, the U.S. government shutdown, in his recent speech. The politician sees a real threat not only for the USA but also for the global economy as a whole. The leading U.S. economy exerts a significant influence on many aspects of today's economic and political life in the world. And, if recently the European analysts have been talking about partial recovery from the global financial crisis, then now the U.S. authorities shutdown can sap the world economy growth. “It is a risk to the world economy if the United States can't properly sort out its spending plans and its deficit reduction plans," Cameron said. The Washington's events, according to the Prime Minister, should be an example and a reminder that it is necessary to plan the government spendings system accurately and properly. Moreover, economists recommend developing a project on budget deficit reduction and tax policy for such cases in advance. “I know some people want to get away from the subject of deficit reduction and sorting our economy out and turning it around. But I think we will see lots of reminders over the coming months, like what is happening in America, that it is absolutely vital that we grip it", the minister added. Meanwhile, 800,000 U.S. federal workers have faced unpaid leave due to the American government paralysis caused by rebels in Congress that failed to pass the budget. Such shocks are likely to affect consumer demand and spending, and, as a result, to decrease the GDP.

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