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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 · 1h

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 · 4d

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 · 7h

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 · 23h

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 on MSN · 5h

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 · 7h

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 · 14h

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.

1hon 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 ...

7hon MSN

Musk and Lutnick want to measure GDP minus government. It’s already done and makes little difference.

That echoes a recent message from Elon Musk on, X, the social-media service he owns, in which the unofficial head of the ...

10hon MSN

The Trump administration may exclude government spending from GDP, obscuring the impact of DOGE cuts

Commerce Secretary Howard Lutnick says he could take government spending out of his agency's reports on gross domestic ...

52mon MSN

Macron calls on Europe to boost NATO funding to as much as 3.5% of GDP after Trump-Zelensky fallout

For the past three years, the Russians have been spending 10% of their GDP on defense,” Macron told the French Le Figaro outlet. “We need to prepare for what comes next, with an objective of 3% ...

New York Sun6h

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 ...

2hon MSN

Wall Street slumps after Trump says tariffs to go into effect tomorrow, GDP outlook turns negative

Investors wary of President Trump's plan to add tariffs of 25% on imports from Mexico and Canada, as well as a negative GDP forecast.

Britain’s ‘permissive’ approach to crime costs 10pc of GDP every year, analysis suggests

Britain’s “permissive” approach to crime is costing the UK as much as £250 billion a year – or the equivalent of 10 per cent ...

14hon MSN

Italy 2024 GDP Growth Misses Govt Goal but Public Finances Improve

The 0.7% increase in gross domestic product (GDP) reported by national statistics bureau ISTAT, boosted by four more working ...

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GDP, government spending

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

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