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.
Trump administration may exclude government spending from GDP, obscuring impact of DOGE cuts
Commerce Secretary Howard Lutnick says he could take government spending out of his agency's reports on gross domestic product.
Why government spending counts in GDP, as Trump admin considers excluding it
Top Trump administration officials are arguing that it is misleading to include government spending in the quarterly tally of GDP. It sets up a clash between the administration and economists over how to calculate the broadest measure of economic activity.
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
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 ...
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.
New York Sun5h
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 ...
The Daily Telegraph12m
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 ...
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 ...
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 ...
Administration eyes GDP data change
Commerce Secretary Howard Lutnick said Sunday that government spending could be separated from gross domestic product reports ...