Report: CT One of Only Three States to See GDP Decline From 2016 to 2017May 4, 2018
While the rest of the country surges forward, Connecticut is one of a few states going backwards.
A new analysis out on GDP growth from 2016 to 2017, in all 50 states, showed Connecticut was one of only three states in the U.S. to see a GDP decline from 2016 to 2017.
Mass. GDP grew at 2.6% in 2017 — clearly the fastest in New England, and just slightly ahead of U.S. GDP: pic.twitter.com/OAfYG417uV
— Ben Swasey (@benswasey) May 4, 2018
As WBUR‘s Ben Swasey pointed out above, neighboring Massachusetts grew 2.6 percent from 2016 to 2017. Rhode Island grew 1.6 percent, and New York grew 1.1 percent.
Connecticut, meanwhile, saw a 0.2-percent decline. That ties the state with Louisiana for the worst real GDP change from 2016 to 2017. Kansas (-0.1 percent) was the only other state to experience a decline in real GDP from year to year.
It appears the rest of the country is surging ahead, while Connecticut’s economy not only stagnates but, according to this new GDP analysis, declines.
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