URL details: gardenstateinitiative.org/updates/q1gdp2022
URL title:
GSI Analysis: Q1 ‘22 GDP Report – Trailing U.S. Average & All Neighboring States, NJ’s GDP Declines to Begin 2022 — Garden Stat
URL description:
According to data released today, the U.S. Bureau of Economic Analysis
(BEA) estimates that New Jersey’s real GDP fell at an annual rate of 2.2%
in the first quarter of 2022. This is weaker than the 1.6% rate of national
decline and ranked New Jersey’s as 33rd in the nation.
Perhaps more significantly, New Jersey’s growth was the worst of any state
in the Mideast or New England (Pennsylvania’s rate of decline was 2.0%,
Delaware 1.4%, New York 1.3%, while Massachusetts was one of only 4 states
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