In this week’s Economic Report, Dr. Rick Harper discusses the factors behind Florida’s inclusion on a list “The Biggest Losers: The 5 Worst State Economies,” as reported by CNN Money.
Each of the states is listed in part due to the decrease in their Gross Domestic Product (GDP) between 2007 and 2013.
Nevada topped the list, with a 10% drop in GDP. Florida followed with a GDP of -7%. Also in the top five are Connecticut, Arizona and Michigan.