gross domestic product

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.

Marketplace · 12h

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.

Reuters · 1d

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.

International Business Times · 1d

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.

Hindustan Times on MSN · 1d

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

Commerce Secretary’s Comments Raise Fears of Interference in Federal Data

Howard Lutnick, the commerce secretary, suggested government spending should be excluded from data about U.S. economic output ...

Houston region leads major U.S. metros in two-year GDP growth

Houston’s GDP growth outpaced the nation’s two largest metropolitan areas, New York and Los Angeles, which saw two-year ...

4don MSN

U.S. gross domestic product rose 2.3% in fourth quarter, up 2.8% for 2024 as a whole

Real U.S. Gross Domestic Product in the fourth quarter 2024 rose at an annual rate of 2.3%, according to the Commerce ...

11hon MSN

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 ...

23h

Atlanta Fed’s GDP Predictor Is Tanking. It’s All About Trade Wars.

The Atlanta Federal Reserve keeps a running tally of how it expects gross domestic product to perform in the current quarter. It just swung from solid growth to contraction. The reason could be down ...

South African Economy Shifted Back to Growth in Fourth Quarter

South Africa’s economy expanded modestly in the fourth quarter following a mild contraction in the previous period.

Sun Star4h

Davao City leads in Minda GDP share

Davao City leads Mindanao's 2023 GDP with P532.54 billion, according to PSA. The city also saw an increase in per capita GDP ...

13h

Japan Q4 corporate capex down 0.2% yr/yr, finance ministry says

Japanese companies reduced spending on plants and equipment in October-December by 0.2% from the same period a year earlier, ...

The Guardian Nigeria7h

Household consumption dips despite rising nominal income

Recent data mined from Nigeria’s gross domestic product (GDP) reports of 2023 up to the second quarter of 2024 shows that household ...

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