World Business News

A round up of the latest news for those doing business internationally

Ten States with the fastest growing economies

Zone(s): USA ¦ Sector(s): Economy
[12 June 2014, 247wallst.com]By Alexander E.M. Hess and Thomas C. Frohlich: The United States economy grew 1.9% in 2013, down from the 2.8% growth rate in 2012, as growth in the world’s largest economy remained inconsistent. The largest contributors to the national economy were nondurable goods manufacturing, real estate and leasing, as well as agriculture and related industries.

While the U.S. economy grew less than 2%, the output of a number of states grew well in excess of 3% last year. North Dakota continued its torrid growth pace, leading the nation with a state GDP growth rate of nearly 10%. This year, Wyoming and West Virginia were the second- and third-fastest growing states, respectively, rebounding from slow growth in 2012. Based on data released this week by the Bureau of Economic Analysis (BEA), these are the 10 states with the highest real GDP growth rates for 2013.

Read more at:
247wallst.com/special-report/2014/06/12/10-states-with-the-fastest-growing-economies/