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Department of Commerce

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Press Release

FOR IMMEDIATE RELEASE

CONTACT OFFICE OF PUBLIC AFFAIRS

Thursday, May 26, 2005

202-482-4883

Gutierrez Statement on Revised 1st Quarter GDP

Commerce Secretary Carlos M. Gutierrez today released the following statement on revised First Quarter GDP:

“America’s economy continues to demonstrate that President Bush’s pro-growth policies are working. The revised GDP data reflects strong and steady momentum and an economic recovery that is resilient and robust. But there is more work to do. This administration will continue to create the best environment for U.S. businesses to succeed by opening markets abroad, moving America toward greater energy independence, lowering health care costs and reforming Social Security for the future of our children and grandchildren.”