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GDP, government spending

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 group known as the Department of Government Efficiency said a more accurate measure of GDP would exclude government spending.

Marketplace · 5h

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.

Reuters · 1d

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.

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

Cointelegraph.com on MSN · 3h

Atlanta Fed model predicts GDP to shrink 2.8% in Q1: Trumpcession

America’s GDP is forecasted to fall 2.8% in Q1, according to the Atlanta Federal Bank’s GDPNow model — potentially leading to a “Trumpcession.”

Seeking Alpha on MSN · 10h

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 · 12h

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.

15hon 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 ...

7hon 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.

5hon 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 Sun11h

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 ...

India's Oct-Dec GDP growth seen stronger on improved rural demand, government spending

India's economic growth is expected to have picked-up in the October to December quarter as rural consumption improved ...

6hon 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 ...

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GDP, government spending

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

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