Most Local Economies Grew At A Slower Pace In Q1 2017

Real gross domestic product (GDP) increased in 43 states and the District of Columbia in the first quarter of 2017, according to the U.S. Bureau of Economic Analysis. Only 15 states saw an acceleration in its annualized rate of growth from the last quarter of 2016 to the first quarter of 2017 while 35 states and the District of Columbia recorded a slowdown in growth over the same period, including seven states moving from growth in the fourth quarter of 2016 to a decline in the first quarter of 2017. As a result, nationwide, growth in real GDP slowed over the first quarter of 2017.