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.
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.
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.
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?
One consequence of government spending cuts? Lower GDP
Government spending makes up 6% of total gross domestic product. And besides, spending cuts come with economic ripple effects.
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
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 ...
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 ...
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.
Trump’s first quarter of GDP is looking shaky. His allies are already trying to shoot the messenger.
The Trump administration wants to create a separate report about the economy that strips out the impact of government ...
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 ...
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 ...
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 ...
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 ...