Mass. economy outpaces US in first quarter growth Massachusetts’ economy grew at a good clip in the first three months of the year, even as economic growth nationally nearly ground to halt, according to state and federal economic reports released Wednesday. The state’s economy expanded at an annual rate of 2.6 percent between January and March, according to the University of Massachusetts and […]
At 4.9 percent, Mass. economic growth outpaces U.S. in 2nd quarter The U.S. economy contracted at an annual rate of 2.1 percent in the first quarter, according to a revised government calculation, while the Massachusetts economy shrank at a 0.3 percent rate over the same period, MassBenchmarks said Wednesday. Revisions can significantly alter estimates of economic growth. In late April, for instance, the Commerce Department said […]