Today, Gov. John Bel Edwards released the following statement on the announcement from the Bureau of Economic Analysis (BEA) that Gross Domestic Product (GDP) grew in the state of Louisiana for the first quarter of 2018 at a rate of 2.3 percent, faster than 35 other states:
“There is no doubt about it - Louisiana’s economy is steadily improving. For years, budget instability has threatened our state’s future, but those days are behind us. Today, more Louisianans are working than ever before, we have lowered taxes on the people of our state, and we are working to bring record economic development deals to Louisiana. This is not mission accomplished, but just one more positive indicator that we are headed in the right direction. It’s critically important for us all to continue to work together to foster an environment where Louisiana can reach its full potential. I’m committed to doing that, and to ensure that our state’s brightest days are ahead of us.”
The analysis from the BEA at the U.S. Department of Commerce is available by clicking here.