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GDP, government spending

US Commerce Secretary wants to remove government spending from GDP

U.S. Commerce Secretary Howard Lutnick said on Sunday he would strip out government spending from the gross domestic product (GDP) report, but gave no indication how soon this change might happen, while dismissing fears of a possible recession.

Marketplace · 17h

What if the U.S. just deleted government spending from GDP?

Government spending is tied up with consumer and business spending. Not reporting it as part of GDP would breach global accounting standards.

Forbes · 5d

The Government Needs Wealthy Consumer Spending To Keep GDP Growing

A new analysis shows that the top 10% of earners are behind almost half of all consumer spending, which is almost 70% of GDP.

Due on MSN · 23h

Trump Administration may exclude Government Spending from GDP

If you ask an economics professor about what GDP is, they will tell you that it is the total value of all goods and services produced by a country at a given time. That’s a simple enough definition, but how do you calculate that massive number?

Hindustan Times on MSN · 1d

Trump administration to exclude govt spending from GDP? Commerce secretary replies

The Commerce Department in its most recent GDP report, showed that the economy grew at an annual rate of 2.3% in the final three months of 2024

Atlanta Fed's GDPnow model sees Q1 GDP deeper in red

Seeking Alpha · 22h

Atlanta Fed's GDPnow model sees Q1 GDP deeper in the red after ISM release

The Atlanta Fed's GDPNow model slid deeper into the red on Monday, estimating that Q1 GDP will sink 2.8% on a seasonally adjusted annual rate, from the 1.5% decline it estimated on Friday.

11Alive · 1d

Atlanta Fed model forecasts nearly -3% GDP growth in first quarter of this year

The Atlanta Fed's GDPNow model had, up until the Feb. 28 update, been forecasting growth between 2-4% in line with most other models. A graph on the GDPNow page lists the "Blue Chip Consensus" average of the top 10 and bottom 10 forecasts at a slight tick more than 2% U.S. GDP growth for Q1 2025.

MarketWatch · 1d

Atlanta Fed's GDPNow model sees U.S. economy shrinking 2.8% in the first quarter of 2025

The Atlanta Fed GDPNow on Monday estimated that the U.S. economy will shrink at a 2.8% annualized rate in the first quarter of 2025 -- just days after it indicated that gross domestic product was on pace to shrink by 1.

4hon MSN

Trump official floats new approach on GDP, as economy poised to slow sharply

Commerce Secretary Howard Lutnick wants to separate government spending from GDP, which economists worry could lead to cherry ...

17hon MSN

Trump Advisers Want to Strip Public Spending from the GDP Tally. Why It Makes No Sense.

Commerce Secretary Howard Lutnick floated the notion on Sunday of excluding government spending data from the overall ...

think1h

Hungary’s GDP growth could still reach 2% in 2025

In light of today's detailed data, we see Hungary's real GDP growing by 1.9% this year. While we have not changed much in the ...

Engineering News2h

GDP recovering slowly and unevenly, but ‘it is a start’

Statistics South Africa has reported that GDP increased by 0.6% in the fourth quarter of last year, following a contraction ...

7hon MSN

Belgium aims to increase defence spending to 2% of GDP this year

The Belgian government aims to accelerate defence spending by 4 billion euros ($4.2 billion) in the coming months, the ...

New York Sun22h

Facing Dismal Economic Projections From Atlanta Fed, Commerce Secretary Proposes Major Change to GDP Reporting

The Atlanta branch of the Federal Reserve is now predicting that America’s GDP could decline by as much as 2.8 percent in the ...

Houston region leads major U.S. metros in two-year GDP growth

Houston’s GDP growth outpaced the nation’s two largest metropolitan areas, New York and Los Angeles, which saw two-year ...

33m

South Africa's GDP grows 0.6% in 2024, economic outlook remains cautious for 2025

South Africa's economy grew by 0. 6% in 2024, falling short of government projections despite improvements in power supply.

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GDP, government spending

Atlanta Fed's GDPnow model sees Q1 GDP deeper in red

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