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Massachusetts

Economic Policy

Public Policy and Public Affairs Faculty Publication Series

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Recession Grips The Bay State, Alan Clayton-Matthews Jan 2009

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.