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Gutierrez Hails Twenty-Second Quarter of Economic Growth

Cleveland (April 27)—In Ohio for a speech to the City Club of Cleveland, Commerce Secretary Carlos M. Gutierrez released a statement on first quarter 2007 GDP today. He noted that the growth rate is slower than in recent quarters, but that this quarter is only a snapshot of the larger economic picture. This quarter marks the 22nd consecutive quarter of growth for the American economy. Consumers were active and strong, the labor market is tight, and the bottom line is that our economy remains solid. (Statement)