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Business and Economy

Federal Data Show Maine Economy Slowed In Last Quarter Of 2019

Maine’s economy began to slow slightly in the 4th quarter of last year.

The federal Bureau of Economic Analysis reported Tuesday that economic growth rate was 1.9 percent in the quarter, down from a 2.1 percent rate in the third quarter of 2019.

A much sharper decline in output likely occurred in the 1st quarter of this year, as the economy was partially shut down in March.