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Ohio economy growth matches nation as a whole

 
Ohio economy growth matches nation as a whole
Posted Thursday, June 12th 2014 @ 8am  by The Associated Press

COLUMBUS, Ohio — Newly released numbers show Ohio matched the growth of the national economy last year.

That makes the fourth straight year that growth in the Buckeye State either matched or surpassed the national average after trailing the nation for years heading into the Great Recession.

That's according to federal data released Wednesday by the Bureau of Economic Analysis and reported by The Columbus Dispatch.

The statistics show the Ohio economy grew by 1.8 percent in 2013, ranking 26th among the states. However, the growth last year was less than the past three years.

IHS Global Insight economist Karl Kuykendall tells the newspaper the strong growth rate that Ohio saw in the previous three years wasn't sustainable, given the state's demographics.

 

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