US Democrats have a good idea about GDP

Thursday, 30 August 2018

With US real GDP expanding at an annualised rate of 4.2% in the second quarter, partly on the back of the sugar hit from the Trump Administration’s massive corporate tax cuts:

A new bill from Democrat Senators Chuck Schumer and Martin Heinrich are demanding a new measure of economic growth that measures the impacts on middle America. From VOX:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.