Posted on 03/21/2020 3:32:18 AM PDT by Oldeconomybuyer
The five U.S. states where governors have closed or have said they will soon be closing non-essential businesses account for about 31% of the world’s biggest economy.
Authorities have called such steps necessary to slow the spread of the coronavirus.
Here are some key facts about the collective economic heft of California, New York, Illinois, New Jersey and Connecticut, which individually rank No. 1, No. 3, No. 5, No. 8 and No. 23 among all 50 states by GDP.
California’s $3 trillion economy alone accounts for 14.5% of the U.S. output, making the state by itself a bigger economic powerhouse than all but four nations. Together, the five states produced $6.4 trillion in goods and services in 2018, Bureau of Economic Analysis data shows.
For reference, President Donald Trump’s administration and Congress are currently negotiating a $1 trillion-plus economic stimulus package, which equates to about one-20th of annual U.S. economic output.
(Excerpt) Read more at reuters.com ...
Would love to see that happen and my wife and I are delivering two CT votes towards that effort in November.
Those are all blue states. I’m sure that’s just a coincidence.
What’s you’re state?
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