Stats Show Slow Connecticut Growth
HARTFORD, Conn. (AP) – New federal statistics show economic growth in New England has been slowest in Connecticut and Maine since the end of the recession in 2009.
The Commerce Department released statistics of quarterly gross domestic product, the measure of all goods and services, between 2005 and 2013.
From the second quarter of 2009 until the end of 2013, the economies of Connecticut and Maine grew by 3 percent.
In contrast, growth in the region’s largest economy, Massachusetts, was 11 percent.
Growth was greatest in Vermont, at 12 percent, though the state’s $27.9 billion economy last year was the smallest in New England.
Economic growth was 9 percent in New Hampshire. Even in Rhode Island, where high unemployment persists, the economy grew by 6 percent.
The U.S. economy expanded by 10 percent.
(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)