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.
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
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 ...
New York Sun1h
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 ...
50% GDP Collapse Ahead? Actuaries Sound The Alarm—Who’s Listening?
A 50% GDP collapse? Actuaries warn of economic devastation if we fail to act on climate risk. Entire industries could crumble ...
Newsable Asianet News on MSN2h
India’s GDP to grow at faster pace in Q4; RBI rate cut and businesses at Mahakumbh could aid recovery: Report
India’s economy is expected to grow at a much better pace in the fourth quarter of FY25, supported by strong government ...
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 ...
What latest estimates of India’s GDP say about the economy
The Centre has released latest estimates of India’s GDP, making significant revisions for past quarters and years. Why does ...
Italy sees modest GDP rise, deficit fall as it works towards EU commitments
The European Union’s third-largest economy expanded by 0.7% in 2024, fuelled by domestic consumption and increased exports.