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Gross Domestic Product: Difference between revisions
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== Developments Nominal GDP == | == Developments Nominal GDP == | ||
== | == GDP Components contribution Before And During Recession == | ||
=== Contributions 1 year Before === | |||
* Residential investment and consumer durables spending major contributors to weakness before recession beggins. <ref>https://www.nber.org/system/files/working_papers/w13428/w13428.pdf</ref> | |||
<blockquote>Now we want to find the false positives - sharply declining values in periods other than the years before recessions or during the recessions. In the residential investment data displayed in Figure 12 there is one false positive in 1951-2 and another in 1966 -67. In both cases housing was weakening substantially but there was no recession. Why is that? '''Those two false positives occurred coincidentally with a big ramp-up in defense spending for the Korean War and the Vietnam War.''' It is best not to think of these as false positives, but rather alarms of forthcoming recessions that were met by a response that prevented the recessions from occurring, however accidental the response might have been.</blockquote> | |||
[[File:Screenshot 2024-02-21 134118.png|center|thumb|688x688px|https://www.nber.org/system/files/working_papers/w13428/w13428.pdf]] | |||
=== Contribution 2 year since recession began === | |||
During recession weakness is more broad between all the GDP components. Leaded by businesses Equipment and Software spending, and consumer non durables and durables spending. | |||
[[File:Screenshot 2024-02-21 134128.png|center|thumb|655x655px|https://www.nber.org/system/files/working_papers/w13428/w13428.pdf]] | |||
== References == | == References == | ||