From the BEA, "The decrease in real GDP in the first quarter primarily reflected an increase in imports, which are a subtraction in the calculation of GDP"
Bureau of Economic Analysis is wrong here?
Bureau of Economic Analysis is wrong here?
Not wrong, deceiving. Real GDP is down because of some factors that cancel out and because the President sucks. Is the correct way to read that executive approved message.
https://en.wikipedia.org/wiki/Howard_Lutnick
"These movements were partly offset by increases in investment, consumer spending, and exports."
You can't make someone understand what that investment and consumer spending is if their job depends on not understanding it.