By Keith M. Phaneuf
New data shows Connecticut’s economy was damaged more severely than most economists originally thought in the last recession, according to a provocative new report released today by the University of Connecticut’s economic think-tank.
The latest analysis from the Connecticut Center for Economic Analysis warned the state “has an even steeper hill to climb” and could see little or no net job growth over the next 18 months, a grim prospect as Gov. Dannel P. Malloy looks ahead to a re-election campaign in 2014.
And the study suggested that the state technically might still be in a recession.
The center also hit again on one of its favorite themes, urging the Malloy administration to mobilize unused research and development and other related business tax credits to underwrite major capital projects to grow jobs.
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