GDP, government spending

Musk and Lutnick want to measure GDP minus government. It’s already done and makes little difference.
The Trump administration wants to create a separate report about the economy that strips out the impact of government spending. The Commerce Department already does this.
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.
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.
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.
Commerce Secretary Lutnick Pushes For 'Transparent' GDP Calculation By Removing Government Spending
Howard Lutnick's remarks came in response to concerns over whether the spending cuts advocated by Elon Musk's Department of Government Efficiency (DOGE) might lead to a recession.
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
Government spending could be separated from GDP reports—doing so could distort a fundamental measure of the U.S. economy’s health
Doing so could distort a fundamental measure of the U.S. economy's health.
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Closely watched Atlanta Fed GDP tracker sees U.S. economy contracting in first quarter
The Atlanta Fed’s GDPNow model on Friday lowered its forecast for the U.S. economy to a contraction at a 1.5% annual rate.
Atlanta Fed predicts negative 1.5 percent GDP growth in first quarter
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Atlanta Fed model forecasts GDP contraction in 2025 Q1
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Italy sees modest GDP rise, deficit fall as it works towards EU commitments
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