Secretary Locke Statement on Advance Estimate of GDP in the Fourth Quarter 2009
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The U.S. Commerce Department’s Bureau of Economic Analysis released the advance estimate of gross domestic product (GDP) for the fourth quarter of 2009. Real GDP rose 5.7 percent at an annual rate, the second consecutive advance and the strongest increase since the third quarter of 2003. "Today's strong GDP showing represents important economic progress that must now be translated into new jobs," Commerce Secretary Gary Locke said. (More) (Release)