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Feds: Maine's Economic Growth Among Slowest in Nation at End of 2016

Maine ended last year with sluggish economic growth.  

Figures from the Bureau of Economic Analysis show that the state's gross domestic product grew by a rate of less than 1 percent - seven-tenths of a percent - in the fourth quarter of 2016.  

That was slightly better than the four-tenths of a percent growth rate in the third quarter, but well shy of the more than 3 percent growth rate the state generated in the final quarter of 2015.

The latest figure placed Maine 43rd among the states.  Nationally, the economy grew at a 1.9 percent annual rate in the fourth quarter of last year.   The average growth rate for New England as a whole was also 1.9 percent.