Connecticut economy lags region, U.S. in 2018
Connecticut mustered a meager 1 percent gain in economic output last year, according to federal estimates published Wednesday morning, less than half the gain of regional rivals Massachusetts and New York.
Despite a final three months of the year in which Connecticut trailed only Vermont for economic growth in the Northeast, the state lagged both the region and nation for total economic growth in 2018, tied with Mississippi to best just a handful of other states.
The Bureau of Economic Analysis determined Washington as having the nation’s best economy in 2018, with gross domestic product up 5.7 percent from the year before.
Massachusetts led the Northeast with a 2.7 percent increase in GDP, with Florida tops in the east with a 3.5 percent gain.
Alex.Soule@scni.com; 203-842-2545; @casoulman