[lbo-talk] stimulative

Doug Henwood dhenwood at panix.com
Fri Jun 13 13:14:30 PDT 2003


Goldman Sachs Economics writes:


>* Together with previously passed fiscal measures, our best estimate
>is that the latest federal tax cut package will provide stimulus of
>about $70 billion in 2003 and $50 billion in 2004 (calendar years).
>The impulse is heavily concentrated in the next 12 months.

That's about 1.2% of GDP, spread over two years. Significant, but not gigantic. But all you gloomsters out there better add this variable to your mental models.

Doug



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