The huge Ukraine spending is propping up the economy.
GDP is about 27T.
The Deficit this year will close at 1.8T. That’s 7.5% of the total. But that total is multi year and that deficit is just this year.
The GDP rise in 2023 was 2.5%. That 1.8T deficit is pumped in just this year. It’s 7.5% of GDP. The GDP rise is 2.5%.
The economy ate, did not get stimulated, it ATE most of the $1.8T.
No, this is not government’s fault. Capitalism has failed. It’s now merely being propped up by created-from-nothingness money.