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Massachusetts Economy expands at a torrid pace in Q2, UMass journal reports

Massachusetts real gross domestic product grew at a 7.3 percent annualized rate in the second quarter of 2018 according to the MassBenchmarks Current Economic Index, released today by MassBenchmarks, the journal of the Massachusetts economy published by the UMass Donahue Institute in collaboration with the Federal Reserve Bank of Boston. Nationally, real gross domestic product grew at a 4.1 percent annualized rate according to the U.S. Bureau of Economic Analysis (BEA). For the first quarter of this year, the BEA estimates that Massachusetts real gross domestic product grew at a 1.5 percent rate while U.S. GDP grew at a 2.2 percent rate.

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