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Recession Grips The Bay State, Alan Clayton-Matthews
Recession Grips The Bay State, Alan Clayton-Matthews
Public Policy and Public Affairs Faculty Publication Series
Economic activity in Massachusetts is on the decline. According to the current economic index, real gross state domestic product grew at only a 0.6 percent annual rate in the third quarter, and the leading index is predicting that the state’s economy will decline at a 1.5 percent annual rate over the six months november 2008 through april 2009. Massachusetts is in a recession.