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Department of Commerce

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Press Release

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FOR IMMEDIATE RELEASE

CONTACT OFFICE OF PUBLIC AFFAIRS

Friday, January 27, 2006

202-482-4883

U.S. Secretary of Commerce Gutierrez Statement on Gross Domestic Product

The U.S. economy continued to grow in the fourth quarter demonstrating 11 consecutive quarters of GDP growth. Last year’s growth rate of 3.5 percent demonstrates that despite the challenges of hurricanes and high energy costs, Americans are optimistic that the economy will continue to prove its resiliency and grow in 2006.

The President’s pro-growth agenda to keep America’s economy growing and U.S. businesses strong is working. Businesses are thriving, investing, and hiring. The economy has created two million jobs in the last year. Our economy grows when our workers and families can keep more of the money they earn. By adopting sound policies that help U.S. businesses continue to grow and expand, we will keep the economy moving forward.