Statement from Chief Economist Doms on Third Estimate of GDP
Washington (Sept. 30)—The U.S. Commerce Department’s Bureau of Economic Analysis today released the third estimate of real gross domestic product (GDP) for the second quarter of 2009. The drop in real GDP was revised modestly to 0.7 percent at an annual rate from the second estimate of 1.0 percent. Most analysts had expected a decrease of 1.2 percent. The modest revision primarily reflected an upward revision to non-residential fixed investment. “Today's revision of real GDP in the second quarter indicates that the economy has begun to stabilize,” Mark Doms, chief economist at the U.S. Commerce Department, said. (More) (Release)
Secretary Locke, Mayor Franklin Announce 2010 ACF to be Held in Atlanta
Santiago, Chile (Sept. 29)—At the closing of the 2009 Americas Competitiveness Forum (ACF) in Chile, U.S. Commerce Secretary Gary Locke and Atlanta Mayor Shirley Franklin announced that the United States will host the next ACF in Atlanta in the fall of 2010. “I look forward to working with the city of Atlanta, the state of Georgia, the local business community and other stakeholders to convene the 2010 ACF in the Peach State,” Locke said. “The ACF is a unique opportunity for the Americas to work together on issues critical to the economic prosperity of the region.” (More) (ACF 2009 Web site)
States and U.S. Territories Receive $40 Million in Grants to Improve 911 Services
Washington (Sept. 29)—The Department of Transportation’s National Highway Traffic Safety Administration and Commerce’s National Telecommunications and Information Administration (NTIA) announced more than $40 million in grants to 30 states and U.S. territories to help 911 call centers across the country improve the ability to locate people calling from wireless and Internet-connected telephones. “A majority of emergency 9-1-1 calls are now coming from wireless and Internet-connected telephones,” said Commerce Secretary Gary Locke. “These grants will help first responders locate where these calls are made and to ensure that help arrives quickly.” (More)
- Last Updated:
- September 30, 2009
- Questions regarding this section may be directed to the Department of Commerce Webmaster