The New Republic on MSN7d
It’s Kind of Fitting That Musk Now Wants to Cook the Books on GDP
Appearing on Fox News last Sunday, financier turned Commerce Secretary Howard Lutnick echoed Musk’s recommendation. “You know ...
Axios on MSN11d
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 ...
Marketplace11d
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.
Sharp revision in GDP numbers raises data quality concerns
The recently announced GDP estimates for third quarter of 2024-25, second advance estimates of 2024-25, and revised and final ...
Vox10d
Economic growth is slowing — so Trump wants to redefine “economic growth”
In other words, Musk believes that the US government has been producing useless goods and services just to inflate GDP numbers. This argument is substantively unsound. And it also appears ...
Positive Job Numbers in February Don’t Erase Worries About the Economy
Official data showed businesses added 151,000 new jobs last month, outpacing January but unlikely to allay rising fears of ...
The Australian9d
GDP numbers tell a turnaround story, but not the whole story
It’s good news that our economy has bounced back from its worst annual growth reading since 1992 (excluding the pandemic) but these headline gross domestic product numbers don’t tell the full ...