GDP, government spending and Trump administration
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.
Thing is, the latest GDP report shows just how dependent the U.S. economy was on government spending during the second quarter. Government spending contributed +0.86% to the 1.6% GDP ...
The U.S. national debt is climbing at a rapid pace and has shown no signs of slowing down, despite the growing criticism of massive levels of government spending ... our economy and the next ...
The new plan could see the US reach double the annual GDP growth with 4-5% average GDP growth. The potential impacts of federal government spending cuts in the range of $1 trillion to $2 ...
The Financial Times has done everyone a favour by publishing a series of charts on how US government spending contributed, or detracted from, GDP growth. And the conclusion is pretty severe: ...
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US heading towards economic ‘heart attack’ if debt is not cut soon: World’s largest hedge fund founderToday, the U.S. has $36.4 trillion of federal government debt and a Gross Domestic Product (GDP) of 29.1 trillion ... He notes that "how the pie is divided" with respect to government ...
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