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

Notes from the Board

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Data show strong growth for Massachusetts, outpacing that of the U.S.

Recent data showed strong growth for Massachusetts, with real gross domestic product (GDP) in the state increasing at a 4.7 percent annualized rate in the fourth quarter of 2020 and at an 11.3 percent annualized rate during the first quarter of 2021. This back-to-back recovery outpaced that of the U.S. economy, which grew at annualized rates of 4.3 percent and 6.4 percent over the same quarterly periods, according to the BEA. These data confirm that the recovery appears to be well underway following the economic crisis caused by the COVID-19 pandemic.

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UMass Donahue Institute

University of Massachusetts Amherst

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Hadley, Massachusetts 01035

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