Look Closer: Negative GDP Not What It Seems

Episode Transcript

Speaker 1 (00:00):
US gross domestic product shranked by three tenths of a
percent in the first quarter, leading to new worries about
a full blown recession. But Fox Business host and former
White House advisor Larry Cudlow says the numbers were skewed
by extra imports brought in the head of the new tariffs.

Speaker 2 (00:14):
Core GDP and Q one, which takes out the flukey
trade import numbers. So the heart of GDP private sector
consumption plus private sector business investment, you see an actual
increase in the first quarter of three percent.

Speaker 1 (00:29):
Beyond that, he predicts once the new Trump tax cuts
are passed, they will far off set any tariffs. Corey Jolson,
Who's Radio seven forty KTRH