    [Weekly Compilation of Presidential Documents Volume 35, Number 17 (Monday, May 3, 1999)]
    [Page 769]
    [Online from the Government Publishing Office, www.gpo.gov]

    <R04>
    Statement on the National Economy

    April 30, 1999

        Today we received more good news for America's working families
    about our economy. In the first quarter of this year, the U.S. economy
    expanded at a robust 4.5 percent annual rate. Driven by high investment
    and vigorous consumer demand, America's expansion continues to grow
    steady and strong.
        Strong growth, high investment, low inflation, and low unemployment
    are a winning combination and more evidence that we should stick with an
    economic strategy that has helped usher in a new era of prosperity for
    the American people.