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From the BEA, "The decrease in real GDP in the first quarter primarily reflected an increase in imports, which are a subtraction in the calculation of GDP" Bur
by rufus_foreman 1y ago
From the BEA, "The decrease in real GDP in the first quarter primarily reflected an increase in imports, which are a subtraction in the calculation of GDP"
Bureau of Economic Analysis is wrong here?
- kspacewalk2 1y agoYes.
- satanfirst 1y agoYou skipped the next sentence where these are partially canceled out by investment, consumer spending, etc. Not wrong, deceiving. Real GDP is down because of some factors that cancel out and because the President sucks. Is the correct way to read that executive approved message. https://en.wikipedia.org/wiki/Howard_Lutnick https://en.wikipedia.org/wiki/Howard_Lutnick https://www.bea.gov/ https://www.bea.gov/ "These movements were partly offset by increases in investment, consumer spending, and exports." You can't make someone understand what that investment and consumer spending is if their job depends on not understanding it.