Last updateFri, 24 Jan 2020 7pm

Manufacturing & The Economy

Gross Domestic Product Up in First Quarter

Commerce Secretary Carlos M. Gutierrez released the following statement on the preliminary estimate of real gross domestic product (GDP), which showed that the American economy grew at a rate of 0.9% in the first quarter of 2008:

“While our economy is growing at a rate slower than we would like, it grew more than first estimated in the first quarter…”

Source: Dept. of Commerce

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