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Statement by Secretary Gutierrez on First Quarter GDP

Washington (April 30)—Commerce Secretary Carlos M. Gutierrez released the following statement on the estimate of real gross domestic product (GDP), which showed that the American economy grew at a rate of 0.6 percent in the first quarter of 2008: “As expected, first quarter growth was slow. The numbers reaffirm the importance of continuing immediate and long term efforts to strengthen our economy. The President took quick action to jumpstart our economy by advancing bipartisan economic stimulus legislation in February.” (More)
Last Updated:
April 30, 2008
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