Newsweek (March 29)
“While the Trump administration is optimistic about the country’s growth prospects… economists are voicing gloomy forecasts.” Among them, “Moody’s Chief Economist Mark Zandi on Thursday compared the current levels of uncertainty to those seen during 9/11 and the 2008 financial crash, having previously said that he felt the country was being ‘pushed into a recession’ by Donald Trump’s tariff policies.”
Tags: 2008 financial crash, 9/11, Economists, Gloomy forecasts, Growth prospects, Moody, Optimistic, Recession, Tariff policies, Trump, Uncertainty, Voicing, Zandi
Wall Street Journal (April 23)
On Friday, “the Bureau of Economic Analysis will release a new way to measure the economy each quarter.” Gross output is a supply side figure, nearly twice as large as GDP, and “the first significant macroeconomic tool to come into regular use since gross domestic product was developed in the 1940s.” Gross output is “a better, more comprehensive measure of the nation’s economic activity than GDP, and a better indication of the economy’s growth prospects.”
