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Iowa’s economic growth lagged U.S. in 2019


Corridor Business Journal: New data from the U.S. Bureau of Economic Analysis shows that Iowa saw real GDP growth of 1.3% in the fourth quarter of 2019, but less than 1% for the entire year. GDP (gross domestic product) is the sum of the goods and services produced in the economy over a set period of time. The state’s economy grew by 0.9% from 2018 to 2019, according to the BEA, with the strongest part of the year coming in the first quarter, with 2% growth, before falling to 1.1% in the second. Growth rebounded to 1.3% in the third quarter and held steady through the end of the year. Iowa’s 2019 annual growth rate was down from 2018’s mark of 1.4%, according to the BEA. The U.S. GDP grew by 2.3% in 2019.

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