China on Wednesday reportedly announced plans to raise its fiscal deficit to 4% of GDP, a rare increase that marks a meaningful shift in policy.
18hon MSN
China has more room to act on fiscal policy amid domestic and external uncertainties, Finance Minister Lan Fo’an told reporters on Thursday.
Fresh off the global success of DeepSeek’s latest artificial intelligence reasoning model, China’s top economic officials have vowed to set up a state-backed fund to support technological innovation.
Howard Lutnick, the commerce secretary, suggested government spending should be excluded from data about U.S. economic output.
The stock market dropped sharply in recent days as investors worried about the effects of President Donald Trump’s new tariffs on Canada and Mexico.
Houston’s GDP growth outpaced the nation’s two largest metropolitan areas, New York and Los Angeles, which saw two-year increases of 13.5% and 14%, respectively. It was also more than double the pace of San Francisco’s GDP, which grew 10.8% between 2021 and 2023. Houston also surpassed Dallas, which saw GDP grow 21.6%.
The domestic economy grew by a healthy 2.7% last year, according to the latest figures from the Central Statistics Office.
GDP, government spending
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Czech government to gradually lift defence spending to 3%/GDP by 2030, PM says
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
South Africa’s economy expanded modestly in the fourth quarter following a mild contraction in the previous period.
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