Shutdown Raises Disquiet Outside U.S. as Impact Seen Muted

The global economy will probably withstand the U.S. government’s first partial shutdown in 17 years even as financial market volatility rises in coming days, analysts and policy makers say.

A one-week shutdown of some government services should have a less-than 0.1 percent impact on U.S. gross domestic product, said Tomo Kinoshita, chief economist at Nomura Holdings Inc. in Tokyo. Halting non-essential government services won’t have much effect on imports from Asian economies, said Richard Jerram, chief economist at Bank of Singapore Ltd.