Media Coverage

Multiple outlets: Mass. businesses think the 2020 state economy will shrink

Massbenchmarks cited as source of economic predictions

Two recent articles reported the results of a survey by statewide business group Associated Industries of Massachusetts. Business owners across the state were asked their opinions about the state of the economy. Two-thirds of the survey respondents expected the state's economy to contract in 2020. 

A publication of the MassBenchmarks project, "Current and Leading Indices", is cited as a source of possible shrinking of recently vigorous state economy. 

From the Boston Globe: 

...the latest MassBenchmarks index indicates annualized growth of the state’s economy could slow to a meager 1 percent in the fourth quarter. 

From today's Springfield Republican article, "Two-thirds of Massachusetts employers predict economy will shrink in 2020, survey says" :

In July, MassBenchmarks, a study of the economy from the University of Massachusetts Donahue Institute, said that in the second quarter of 2019, Massachusetts real gross domestic product grew at a 1.4% annualized rate. U.S. real gross domestic product grew at a 2.1% rate, according to the U.S. Bureau of Economic Analysis.

Read article: Businesses increasingly worry about an economic contraction in 2020

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