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


The state economy faces headwinds but continued expansion expected

​The state economy is "at the top of the cycle". On all fronts things are going well. Unemployment is low and falling including in regions and among demographic groups that have been slow to benefit from an economic expansion that is now in its eighth year. State gross domestic product continues to grow steadily and while slowing, it continues to equal or exceed the national rate of economic growth.

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