Skip to content
  • Study predicts Massachusetts economy will lose momentum

    The Boston Globe - 07/28/2012

    The US economy lost momentum over the past three months and Massachusetts is expected to follow as consumer spending slows and the economic crisis in Europe takes its toll.

    Although the Massachusetts economy grew at more than double the national rate, according to report released Friday by the University of Massachusetts, a slowdown in the state is imminent, in large part because of the anemic national recovery, analysts said. The state’s economy expanded at a 4 percent annual rate from April to June, UMass said, but the national economy grew at just 1.5 percent, the US Commerce Department reported Friday.

    Alan Clayton-Matthews, a Northeastern University professor who did the economic analysis for the report, noted that Massachusetts merchandise exports declined for the first five months of the year in Massachusetts.

    “We’re expecting things to get worse,” Clayton-Matthews said. “It looks like we’ve been lucky so far.”

  • Cookies on Northeastern sites

    This website uses cookies and similar technologies to understand your use of our website and give you a better experience. By continuing to use the site or closing this banner without changing your cookie settings, you agree to our use of cookies and other technologies. To find out more about our use of cookies and how to change your settings, please go to our Privacy Statement.