Mass. economy growing 3 times as fast as U.S. GDP
Boston Business Journal - 08/01/2011
Failing growth in the U.S. Gross Domestic Product renewed talk of a double-dip recession, Friday â but the Bay State’s economic growth engine continues to chug along, according to a report published Friday by the University of Massachusetts Donahue Institute. According to the institute, the Bay State’s real gross state product grew at an estimated annual rate of 4.3 percent during the second quarter of 2011. During the same period, U.S. gross domestic product (GDP) grew at an anemic annual rate of 1.3 percent, the U.S. Bureau of Economic Analysis reported today.