Louis Aguilar | The Detroit News Comments Michigan's lagging real estate market and struggling governments slowed the economy in 2012, which grew again last year but well below the previous two years. The state posted the 18th fastest-growing real gross domestic product, GDP, in the nation last year, compared to fourth fastest in 2011, according to data released Thursday by the U.S. Bureau of Economic Analysis. Real GDP measures the output of goods and services produced by labor and property. Michigan economic output valued $349 million in 2012. Its rate of annual growth, 2.2 percent, was slightly below the national average of 2.5 percent and well below its revised growth rate of 3.5 percent...
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