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Fueled By Technology Market Demand, Massachusetts Economic Growth Increases, Alan Clayton-Matthews
Fueled By Technology Market Demand, Massachusetts Economic Growth Increases, Alan Clayton-Matthews
Public Policy and Public Affairs Faculty Publication Series
The pace of economic growth in Massachusetts has picked up significantly, beginning in the fourth quarter of last year, reflecting improved worldwide markets for information technology equipment in the last half of 2005. This resurgence in technology markets helped reverse a deceleration in state economic growth that the state experienced between mid-2004 and the third quarter of 2005. The Massachusetts economy has performed better over the last six months than at any time since the current expansion began in the second quarter of 2003. The recent pace of expansion matched the long-term average growth in real gross state product of …
Look For Little Growth In The First Half Of 2006, Alan Clayton-Matthews
Look For Little Growth In The First Half Of 2006, Alan Clayton-Matthews
Public Policy and Public Affairs Faculty Publication Series
The state’s economy remains stuck in slow gear, and may no longer even be moving forward. In the face of slow employment growth, a population and brain drain, a sharp spike in energy costs, volatile consumer confidence, housing prices that are clearly cooling, increasing federal budget deficits, trade deficits and rising interest rates, perhaps it’s good news that the economy has been able to grow at all.
2006 Year In Review: Slow And Steady Does It For 2006, Alan Clayton-Matthews
2006 Year In Review: Slow And Steady Does It For 2006, Alan Clayton-Matthews
Public Policy and Public Affairs Faculty Publication Series
The state’s economy continued to expand in 2006, continuing a path of slow, steady growth that began in 2003. By most measures, such as employment, output, labor force, and population growth, it was the best year so far of the recovery, but not by much; and the pace of expansion has been much slower than that of the two prior ones of the 1990s and 1980s. Weighing on the economic accomplishments of the year was a decline in the housing market and a rise in unemployment of the state’s residents, setting the stage for a likely slowing of growth in …