Politics & Government

Connecticut's Economy Headed in the Wrong Direction

A new federal report shows the state's Gross Domestic Product declined from 2011 to 2012.

This story was written by Corey Fyke:

Connecticut was the only state in the country that didn’t see a positive trend in economic growth from 2011 to 2012, according to a new report from the federal Bureau of Economic Analysis.

The report, released Thursday, shows Connecticut’s Gross Domestic Product shrank 0.1 percent from 2011 to 2012. By far the highest surge in GDP was North Dakota, which grew its economy by 13.4 percent.

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Massachusetts showed the highest growth rate in New England at 2.2 percent, followed by Rhode Island (1.4%), Vermont (1.2%), New Hampshire (0.5%) and Maine (0.5%). New York’s economy grew 1.3 percent. 

According to a story in the Hartford Courant, Gov. Dannel P. Malloy blamed the negative growth rate on the shrinkage of state government, but also acknowledged that the report was not good news.

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