Mass., US show unexpected economic growth
The Boston Globe - 11/07/2013
The state economy grew at a 3.5 percent annual rate from July through September, according to the report. The national economy expanded at 2.8 percent rate during the same period, the US Commerce Department reportedThursday.
“It’s just underlying, pent-up demand for housing and other things that consumers and businesses want and need to buy, which is kind of the story of recoveries,” said Northeastern University economics professor Alan Clayton-Matthews, one of the report’s authors.
Economists, however, expect growth to slow next quarter as a result of the 16-day partial shutdown of the federal government last month.