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Statement from Commerce Secretary Locke on Advance Estimate of Real GDP in 1st Quarter of 2010

WASHINGTON(ENEWSPF)–April 30, 2010.  The U.S. Commerce Department’s Bureau of Economic Analysis today released the first estimate of gross domestic product (GDP) for the first quarter of 2010. Real GDP grew 3.2 percent at an annual rate in the first quarter, consistent with private-sector expectations.

“With a third-straight quarter of growth, it’s clear America’s economy is turning around,” U.S. Commerce Secretary Gary Locke said. “But Americans remain rightly focused on their personal financial situations and jobs. Wall Street reform is an essential part of securing the future for our families and businesses. The president is committed to enacting changes that hold Wall Street accountable and provide strong consumer protections. In the aftermath of an economic crisis that put more than eight million Americans out of work, and wiped out family savings and assets, the American people deserve and expect nothing less.”

Source: commerce.gov

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