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Writers on strike march with signs on the picket line on day four of the strike by the Writers Guild of America in front of Netflix in Hollywood, California on May 5, 2023.
Writers on strike march with signs on the picket line on day four of the strike by the Writers Guild of America in front of Netflix in Hollywood, California on May 5, 2023.

FREDERIC J. BROWN/AFP via Getty Images

  • Hollywood writers and actors have been on strike for over a week.
  • Economists are warning that the shutdown could cost the US billions of dollars.
  • The previous writers' strike in 2007 wiped $2 billion off Los Angeles' economy alone.

Hollywood's double strike has entered its second week – and forecasters are warning it could end up taking a significant toll on the US economy.

Tags
economy, Hollywood, The Last of Us, The White Lotus, Milken Institute, Growth, Recession, US Economy and Markets
Source
The Hollywood strikes could cost the economy billions