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Thursday, 12 June 2014 09:26

Ohio's economic growth matched nation's last year

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Buckeye State grew 1.8 percent in 2013, marking fourth year of upward trend


COLUMBUS, Ohio (AP) - Newly-released numbers show Ohio matched the growth of the national economy last year.

This marks 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.

The Bureau of Economic Analysis released their annual report on Wednesday. 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.

Associated Press

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