The University of Massachusetts Amherst

UMass Donahue Institute

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

Current and Leading Indexes


Massachusetts economy slows notably in Q4

In the fourth quarter of 2023, Massachusetts real gross state product (GDP) increased at an annual rate of 1.2 percent, according to MassBenchmarks, while U.S. GDP increased at a 3.3 percent annual rate, according to the U.S. Bureau of Economic Analysis (BEA). According to the BEA, in the third quarter of 2023, Massachusetts GDP grew at an annual rate of 4.8 percent while U.S. GDP grew at an annual rate of 4.9 percent. In the first and second quarters of 2023 the BEA estimates that Massachusetts GDP declined by 2.9 percent and grew by 2.9 percent respectively, while U.S. GDP grew at 2.2 percent and 2.1 percent respectively.

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MassBenchmarks: Current and Leading Indexes publication

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The UMass Donahue Institute is pre-approved to offer a variety of options for streamlined, simplified contracting both within Massachusetts and at the federal level.

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UMass Donahue Institute

University of Massachusetts Amherst

100 Venture Way, Suite 9

Hadley, Massachusetts 01035

(413) 545-0001

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