Hacker News with Generative AI: GDP

Elon Musk is wrong about GDP (timharford.com)
Of all the dubious claims uttered recently by Elon Musk, I have yet to see a more interesting one than his tweet asserting that “a more accurate measure of GDP would exclude government spending. Otherwise, you can scale GDP artificially high by spending money on things that don’t make people’s lives better.”

Economy, GDP, Elon Musk, Politics

57 points by simonebrunozzi 24 days ago | 112 comments

First-quarter GDP growth will be just 0.3% as tariffs stoke stagflation (cnbc.com)

Economics, Inflation, Trade, GDP

6 points by belter 53 days ago | 2 comments

GDPNow first quarter of 2025: -2.8% (seasonally adjusted annual rate) (atlantafed.org)
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2025 is -2.8 percent on March 28, down from -1.8 percent on March 26.

Economics, GDP, Forecasting

15 points by nabla9 55 days ago | 7 comments

Atlanta Fed predicts -2.8% GDP (atlantafed.org)
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2025 is -2.8 percent on March 3, down from -1.5 percent on February 28.

Economy, GDP, Predictions, Atlanta Fed

219 points by awnird 81 days ago | 248 comments

The Trump administration may exclude government spending from GDP (apnews.com)
Commerce Secretary Howard Lutnick said Sunday that government spending could be separated from gross domestic product reports in response to questions about whether the spending cuts pushed by Elon Musk’s Department of Government Efficiency could possibly cause an economic downturn.

Politics, Economics, Government Spending, GDP

19 points by layer8 82 days ago | 4 comments

The first quarter is on track for negative GDP growth, Atlanta Fed says (cnbc.com)

Economy, GDP, Atlanta Fed

25 points by noleary 84 days ago | 5 comments

GdpNow real GDP growth estimate -1.5% for Q1 2025 (atlantafed.org)
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2025 is -1.5 percent on February 28, down from 2.3 percent on February 19.

Economics, GDP, Forecasting

5 points by noitanigami 84 days ago | 1 comments

Q1 GDP Forecast -1.5% (atlantafed.org)
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2025 is -1.5 percent on February 28, down from 2.3 percent on February 19.

Economics, GDP, Forecasting

8 points by contemporary343 84 days ago | 1 comments

Germany's Industrial Slowdown (2023) (apricitas.io)
Germany’s economy has eked out extremely low growth over the last 5 years—recent revisions to GDP data mean its output is once again barely above pre-pandemic levels, but that still means the country has seen less than 0.5% cumulative GDP growth since late-2018.

Germany, Economy, Recession, GDP

3 points by JumpCrisscross 97 days ago | 0 comments

Japan's GDP grows for second successive quarter (nhk.or.jp)
New government data show Japan's GDP grew for the second consecutive quarter in the three months through September.

Japan, Economics, GDP

8 points by jpcom 189 days ago | 0 comments

Real GDP (purchasing power parity) (cia.gov)
GDP (purchasing power parity) compares the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year.