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107th Congress, 1st Session - - - - - - - - - - - House Document 107-144 


 
                           LOW-GROWTH REPORT

                               __________

                             COMMUNICATION

                                  from

                             THE DIRECTOR,

                    THE CONGRESSIONAL BUDGET OFFICE

                              TRANSMITTING

 NOTIFICATION ON THE GROWTH OF REAL GROSS NATIONAL PRODUCT DURING THE 
           THIRD QUARTER OF 2001, PURSUANT TO 2 U.S.C. 904(j)

<GRAPHIC(S) NOT AVAILABLE IN TIFF FORMAT>


November 7, 2001.--Referred jointly to the Committees on the Budget and 
                    Rules, and ordered to be printed
                               __________

                    U.S. GOVERNMENT PRINTING OFFICE
99-011                     WASHINGTON : 2001

                                     U.S. Congress,
                               Congressional Budget Office,
                                  Washington, DC, October 31, 2001.
Hon. J. Dennis Hastert,
Speaker, U.S. House of Representatives, Washington, DC.
    Dear Mr. Speaker: Under section 254(j) of the Balanced 
Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 
904(j)), the Congressional Budget Office must notify the 
Congress in the event of an economic slowdown. The section 
reads in part:
          (j) Low-growth report: At any time, CBO shall notify 
        the Congress if--
                  (2) the most recent of the Department of 
                Commerce's advance preliminary or final report 
                of actual real economic growth indicate that 
                the rate of real economic growth for each of 
                the most recently reported quarter and the 
                immediate preceding quarter is less than one 
                percent.
    This letter serves to notify the Congress that on October 
31, 2001, the Department of Commerce's advance report on the 
growth of real gross national product during the third calendar 
quarter of 2001 indicated that growth was less than 1.0 percent 
during that quarter and the preceding quarter.
            Sincerely,
                                                    Dan L. Crippen.

                                  <all>

Pages: 1

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