releases: https://sablan.house.gov/economy-shrank-20-last-year
Data license: MIT · Data source: dwillis/congress-press
This data as json
| url | title | date | year | month | party | chamber | state | member_name | bioguide_id | domain | scraper | source | date_source | text | has_text | collected_at | updated_at |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| https://sablan.house.gov/economy-shrank-20-last-year | Economy shrank 20% last year | 2019-11-12 | 2019 | 2019-11 | Democrat | House | MP | Gregorio Sablan | S001177 | sablan.house.gov | legacy | Economy shrank 20% last year Nov 12, 2019 Gross Domestic Product for the Marianas fell to $1.3 billion in 2018, a 19.6 percent decrease from 2017. The U.S. Bureau of Economic Analysis Director Dr. Brian C. Moyer met with me to go over his agency's annual economic report as he did last year just days before Super Typhoon Yutu. The storm significantly impacted overall economic results for 2018. Tourists stopped coming and the GDP data reflects this loss. Construction activity was strong in 2018 and, in part because of recovery from the storm, that trend should continue. Also likely to bolster 2019 numbers will be tens of millions in federal disaster aid that Congress has approved. The information that BEA produces for the Marianas and the other U.S. insular areas is a key tool for policymakers both in Washington and here at home. It also lets the public know whether our economy is headed in the right direction. Congress provides the money that makes production of the annual economic data possible. See all the data here. | 1 | 2026-03-30T12:14:52Z | 2026-03-30T12:14:52Z |