GDP, government spending

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 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 product.
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
If you ask an economics professor about what GDP is, they will tell you that it is the total value of all goods and services produced by a country at a given time. That’s a simple enough definition, but how do you calculate that massive number?
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
China reportedly raises budget deficit target to 4% of gross domestic product
China on Wednesday reportedly announced plans to raise its fiscal deficit to 4% of GDP, a rare increase that marks a ...
Q4 GDP Second Estimate: Real GDP At 2.3%, As Expected
Real gross domestic product increased at an annual rate of 2.3% in Q4 2024, according to the second estimate. The latest ...
These 4 Countries Have Faster GDP Growth Than the US
The U.S. economy is facing an unexpected downturn in 2025, with the Atlanta Federal Reserve projecting a 1.5 percent GDP contraction in the first quarter, reversing earlier expectations of 2 percent ...
Taiwan needs to hike defense spending to 10% of GDP-Pentagon nominee
Taiwan needs to dramatically hike defense spending to around 10% of gross domestic product in order to deter a war with China ...
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 ...
South Africa’s GDP Grew at Slowest Pace Since Pandemic in 2024
South Africa’s economy expanded modestly in the fourth quarter following a mild contraction in the previous period.
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 ...
South Africa's GDP grows 0.6% in 2024, economic outlook remains cautious for 2025
South Africa's economy grew by 0. 6% in 2024, falling short of government projections despite improvements in power supply.
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South Africa's GDP Grew by 0.6% Growth in Q4 2024, Driven by Agriculture and Finance Sectors
South Africa's economy showed resilience in Q4 2024, rebounding with a 0.6% GDP increase, largely fueled by strong ...
South Korea Q4 GDP +0.1% q/q, unchanged from early estimate
South Korea's economy grew 0.1% in the final quarter of 2024 from the quarter before, revised central bank data showed on ...