Daily Archives: July 28, 2016

Coincidence? Malloy and Fudrucker say yes!

Connecticut edged us out but I guarantee you, I can get us down to their level next year!

Connecticut, New York and New Jersey just beat us, but I guarantee you, I’ll have us down to their level next year!

Connecticut last in New England in economic growth, but edges out New York and New Jersey.

HARTFORD — The latest economic numbers show Connecticut lags behind the rest of New England in economic growth.

The 0.9 percent growth in the state’s gross domestic product for the first quarter of 2016 is the lowest in the six-state region, though it is higher than neighboring New York state and nearby New Jersey.

The U.S. Bureau of Economic Analysis on Wednesday reported GDP growth in 37 states and the District of Columbia for the first quarter. The annual growth ranged from 3.9 percent in Arkansas to -11.4 percent in North Dakota.

The GDP growth in Connecticut is well below the 1.5 percent average for New England, but compares better to the 0.5 percent increase in New York and the 0.7 percent rise in New Jersey.

The 2.9 percent growth in New Hampshire led New England, followed by 2.3 percent in Maine, 1.6 percent each in Massachusetts and Rhode Island, and 1.3 percent for Vermont.

The state saw a 1.7 percent increase in GDP last year, up 0.6 percent from 2014, but well behind the regional and national averages..

The Malloy administration issued a standardized response to the latest BEA numbers.

“These statistics demonstrate what we have been saying and continue to say: we are in a new economic reality and in a new, post-recession slow growth environment,” said Christopher McClure, a Malloy spokesman.

He was silent on the question concerning whether the administration’s policies have contributed to the economic realities confronting Connecticut today….

Other Malloy defenders were less circumspect in their response”The Bureau of Economic Analysis is just part of the vast, right wing conspiracy trying to kill Connecticut”, Malloy spokesman Francis X. Fudrucker told FWIW. “Show me a fine, solid, left-of-center organization that says we’re not booming here in the Nutmeg state: go on, I dare you! Why just this year alone, we’ve almost had a million-dollar Lotto winner – he came that close! Just one number off. You wouldn’t hear that guy mewling about this gloom and doom if he’d won, I can tell you that!”

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