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A Huge Surge in Government Spending Drives Up GDPNow Forecast

Chart Notes The blue line is the base forecast. It is about all the public sees or hears about when the BEA releases its GDP report. The red line is Real Final ....

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Detailed text transcripts for TV channel - MSNBC - 20190319:19:34:00

Lot of that was not that they modelled wrong, but they assumed president obama s policy would happened and not all of them happened. our job is to say if we do this, here s what happens to growth. that s what we are doing. it s not the same as a blue chip forecast where you make an assumption about policy. our job is to say if our policies are true, congress can compare the base line and the 3% we say we can deliver if we get the policies and assess our estimates in the policies and decide. let me tell you and you probably heard this about economic growth. the aim is that my viewers get an understanding of what should we look for as success? most of us don t think about growth as much as you and i do. i want to play what she said and get your comment. we had a period of remarkable growth in 2018. probably around 3%. that just isn t sustainable. ....

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