Case closed! Government spending accounting for about 1/5 of GDP bloats (manipulates) GDP numbers!
Not a strong private sector rather massive gov spending!
Look under hood at table 2:
Gov Spending: +42.8% Q3 vs Q2
Fed: +22.1%
Inventories: +65.5%
Case closed! Government spending accounting for about 1/5 of GDP bloats (manipulates) GDP numbers!
Not a strong private sector rather massive gov spending!
Look under hood at table 2:
Gov Spending: +42.8% Q3 vs Q2
Fed: +22.1%
Inventories: +65.5%