Statement on the Advance Estimate of GDP for the First Quarter of 2010
Posted by Christina Romer on April 30, 2010 at 9:46 AM EDT
Today’s GDP report shows important signs of continued recovery. Real GDP grew at a solid 3.2 percent annual rate in the first quarter of 2010. This is the third consecutive quarter of positive growth. To put the rate of growth into perspective, real GDP fell at a 6.4 percent rate in the first quarter of 2009. There is no question that the economy has improved dramatically over the past year.
http://www.whitehouse.gov/blog/2010/04/ ... arter-2010