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Statement by Secretary Gutierrez on Revised Second Quarter GDP

Washington (Sept. 26)—Commerce Secretary Carlos M. Gutierrez today released the following statement on the final second quarter real gross domestic product (GDP), which showed that the American economy grew at a rate of 2.8 percent in the second quarter of 2008. “Today’s report shows that even in the midst of significant challenges, our economy continued to grow. Growth was not as robust as we’d like and we know that American families and businesses are concerned, especially in light of the recent turmoil in financial markets. We must work quickly and in a bipartisan way to pass a financial rescue package to stabilize financial markets and protect families across America.” (More)