GSI’s EGEA: The Federal Reserve Bank of Philadelphia coincident indexes report is, “is another indication that New Jersey’s economic outlook is bleak.”

Garden State Initiative’s president, Regina M. Egea, issued the following statement on the The Federal Reserve Bank of Philadelphia September coincident indexes report:

“Today’s report from the Federal Reserve Bank of Philadelphia is another indication that New Jersey’s economic outlook is bleak,” said GSI President Regina Egea. “The numbers tell the story, and our legislators can’t continue to ignore the hard economic data. Election Day is less than two weeks away, and negative reports like this will make voters even more focused on these key pocketbook issues. They will be looking for candidates with a plan to put our state on a path toward economic recovery and growth, not keep kicking the can down the road.”