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“European slowdown hitting some states hard” –
Including Washington

“The European meltdown is weighing heavily on the U.S. economy, with states that rely heavily on exports most at risk from the deepening crisis overseas.”

“The drop in transportation exports has also been offset by orders from the rest of the world, which has helped blunt the impact on states that rely heavily on aircraft manufacturing. But Washington state, where the aircraft industry makes up 71 percent of exports, remains vulnerable to a further slowdown. With nearly two-thirds of its exports coming from sales of aircraft and related equipment, Connecticut is also vulnerable,” quoting John W. Schoen of Economy Watch on NBC News.
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Posted by Steve on July 23, 2012 at 5:55 am | Permalink

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