1. Government expenditure and investment have grown annually by 4.08% since July 2022, while the underlying economy has grown at a pace of 2.78%. This has led to an inflated Real GDP growth rate of 2.98%. 2. When government spending was reduced from October 2009 to January 2014, Real Private GDP outperformed Real GDP significantly. 3. The article discusses the impact of government spending on the overall economic growth and GDP figures.
Recent #Government Spending news in the semiconductor industry
1. The global space economy reached $570 billion in 2023, a 7.4% increase from 2022. 2. Commercial revenues accounted for 78% of the space economy, totaling $445 billion. 3. International government spending on space programs grew 11% to $125 billion, with military spending representing 46% of total government space spending.