Mississippi one of two state economies to shrink in 2014
Source: Clarion-Ledger
Mississippi was one of two states whose gross domestic product decreased last year.
Alaska was the other.
The state's GDP, which measures economic output, shrank 1.2% in 2014, marking the second consecutive year of decline. Overall, U.S. GDP grew by 2.2% in 2014.
The revelation was included in data the federal Bureau of Economic Analysis released Wednesday. The decline put Mississippi 49th in the U.S. The state's GDP decreased 1.1% in 2013. The state also had the lowest GDP per capita ($31,551) in the country.
Read more: http://www.clarionledger.com/story/business/2015/06/10/mississippi-economy-shrink-2014/71011438/#
Response to forest444 (Original post)
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Renew Deal
(81,844 posts)LuvNewcastle
(16,834 posts)the state government a few years ago. Didn't take them long to start shrinking the economy. All we need now is a plague of locusts to finish us off.
leftyladyfrommo
(18,864 posts)Vogon_Glory
(9,109 posts)There's usually a time lag between the time bad decisions are made and when the effects show up. Not always; the recession of 2008 was one example.
Kansas hasn't felt the full weight of the Teabagger state government's bad decisions yet; I suspect that it may join Mississippi and Alaska next year or the year after that.
Sunlei
(22,651 posts)https://en.wikipedia.org/wiki/Mississippi