A program of the Economic and Public Policy Research Group at the UMass Donahue Institute
in collaboration with the Federal Reserve Bank of Boston

Notes from the Board

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How long can the Commonwealth's economic expansion last?

The Massachusetts economy has been mirroring the fast-growing national economy and is still growing respectably. However, the economy is also emitting signals that growth may slow because labor markets continue to be tight, global growth is decelerating, and ongoing policy uncertainties at the national level make it difficult for businesses to plan for the future, including decisions on investing in facilities and equipment. While there may be good news in the present, there is potentially bad news down the road.

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