July 31, 1998


Open and fair trade. A balanced budget. Better education and higher skills. The strategy that has boosted the American economy during the past five and a half years will boost it further as we move boldly into the new century. I will continue to do everything in my power -- as must the Congress -- to strengthen an economy that offers opportunity, a society rooted in responsibility, and a nation that lives as a community.

President Bill Clinton
July 31, 1998

America's Economy Continues To Grow Steadily. Today, President Clinton announces Gross Domestic Product (GDP) numbers for the second quarter of 1998. These figures show that while GDP growth moderated to a 1.4 percent annual rate in the second quarter, economic growth so far this year has averaged 3.5 percent. The American economy is solid and strong: unemployment is at a 28-year low, core inflation is at a 32-year low, consumer confidence is near its 30-year high, and new home sales are at their highest level on record.

A Solid Record Of Achievement. Under President Clinton's leadership, our economy is the strongest it has been in a generation. Today's figures build on this record of economic stability and prosperity, including:

President Clinton's Three-Part Economic Strategy Is Working. Today's economic figures show that now is the time to continue with President Clinton's economic strategy of:

July 1998

July 31, 1998

July 30, 1998

July 29, 1998

July 28, 1998

July 27, 1998

July 24, 1998

July 23, 1998

July 22, 1998

July 21, 1998

July 20, 1998

July 17, 1998

July 16, 1998

July 15, 1998

July 14, 1998

July 13, 1998

July 10, 1998

July 9, 1998

July 8, 1998

July 7, 1998

July 6, 1998

July 2, 1998

July 1, 1998

President and First Lady | Vice President and Mrs. Gore
Record of Progress | The Briefing Room
Gateway to Government | Contacting the White House | White House for Kids
White House History | White House Tours | Help
Privacy Statement


Site Map

Graphic Version

T H E   W H I T E   H O U S E