The growth of New York City's economy slowed to a crawl at the start of this year, falling below the national growth rate after exceeding it for most of the last two years, according to a report released on Thursday by the city comptroller.The city's total output, known as the gross city product, increased by 0.8 percent in the first quarter of 2008, slower than the 1 percent growth in the gross domestic product, the comptroller's report showed.
New data show the New York metropolitan area is the largest contributor to America's gross domestic product, but its position at the top of the national ranking may be due more to the inclusion of neighboring economic powerhouses such as Greenwich and Stamford, Conn., than its own economic strength.Neither of those takes appears in the others' story. We only wonder what Dissent would have made of it all.New York City actually is responsible for less than half of all economic activity in its own metropolitan area, the data show. According to the city comptroller's office, its economic activity constitutes 43% of the region's total economy.