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
Czech government to gradually lift defence spending to 3%/GDP by 2030, PM says
The Czech government has decided to gradually raise its defence spending to 3% of gross domestic product by 2030, from around 2%, Prime Minister Petr Fiala said on Wednesday.
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?
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.
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
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 ...
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 ...
Atlanta Fed predicts negative 1.5 percent GDP growth in first quarter
The Atlanta Federal Reserve is projecting a contraction of the nation’s gross domestic product (GDP) of 1.5 percent in the ...
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World debt soars 50% in a decade, exceeding GDP growth
In other words, global debt now exceeds the world’s GDP by three times. During the same 10-year period, household debt rose ...
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.
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CRISIL projects India's GDP growth to average 6.7% until 2031
Certain sectors are more vulnerable to potential changes in US trade policies. Textiles, auto components, gems and jewellery ...
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.
Czech Republic to lift defence spending to 3% of GDP by 2030, PM says
The Czech government has decided to gradually raise its defence spending to 3% of gross domestic product by 2030, from around ...