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The Real Story: State economy continues to struggle

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HARTFORD - The Connecticut economy continues to struggle, but there are bright spots. Al and Jenn's guest, Peter Gioia is an economist and vice president of the Connecticut Business and Industry Association.

Connecticut still has troubling economic growth issues as the 2015 annual GDP numbers clearly illustrate, according to the CBIA.

GDP-Growth_062316

The latest statistics from the U.S. Bureau of Economic Analysis show Connecticut’s economy grew by just 0.6 percent last year, well behind the regional and national averages. That is despite fourth quarter growth of 1.7 percent, the 23rd best in the country.

Connecticut’s post-recession economic recovery has constantly trailed the region and the country, with a low point of -0.9 percent in 2011 and a high of 1.2 percent in 2014, according to the CBIA.