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Statement from Commerce Under Secretary Rebecca Blank on the Third Estimate of Gross Domestic Product in the Fourth Quarter 2009

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FOR IMMEDIATE RELEASE

Friday, March 26, 2010

CONTACT OFFICE OF PUBLIC AFFAIRS

202-482-4883

Statement from Commerce Under Secretary Rebecca Blank on the Third Estimate of Gross Domestic Product in the Fourth Quarter 2009

Release

The U.S. Commerce Department’s Bureau of Economic Analysis today released the third estimate of gross domestic product (GDP) for the fourth quarter of 2009. Real GDP grew 5.6 percent at an annual rate, nearly unchanged from the previous estimate of 5.9 percent.

“As more fourth quarter data become available, it is evident that the Administration’s efforts to promote economic recovery have helped create the conditions that lead to economic growth,” Commerce Under Secretary for Economic Affairs Rebecca Blank said. “But improving economic indicators is not enough. We will not be satisfied until every American who wants a job can get one.”