Anything For You All: In One Chart, Here's How Government Austerity Is Still Crushing GDP

Jumat, 28 Februari 2014

In One Chart, Here's How Government Austerity Is Still Crushing GDP

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Chart of the Day


	In One Chart, Here's How Government Austerity Is Still Crushing GDP This morning, Q4 GDP growth was revised down to 2.4% at an annualized pace from the BEA's initial 3.2% call. This chart from Bloomberg LP chief economist Michael McDonough shows what is adding and subtracting to changes in GDP. Anything above the x-axis is adding to GDP and anything below is taking away. As you can see, government spending is still a large drag. Read »

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