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Massachusetts Economy is Moving Forward. Will Businesses Move With it?

At Randolph Savings Bank'sEconomic Summit breakfast, on May 21, 2015 at Lombardo's in Randolph, economist Dr. Elliott Eisenberg declared: "We are not in a recession!"

In fact, according to Eisenberg, "Based on the current economic data, the chance of a recession in the next six to 12 months is less than 5%." The economy may not be roaring, but it's still moving forward. "Economically, Boston is doing much better than the nation as a whole."

According to MassBenchmarks, journal of the Massachusetts economy compiled by UMass Donahue's Institute's Economic Public Policy Research unit and the Federal Reserve Bank of Boston, Massachusetts's economy has grown at an annualized rate that exceeds the nation's generally positive economic performance since the beginning of 2015. The state's gross product growth has kept pace with the strong national growth for the past two quarters. In short: Massachusetts is doing quite well in terms of growth.

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