Massachusetts economy ‘shifts to low gear’ in 4th quarter
The state’s economy slowed in late 2024 according to a University of Massachusetts study revealing stagnant employment growth, rising unemployment and slower spending on taxable goods.
The Massachusetts real gross state product increased at an annual rate of 1.1% in the last quarter of 2024, according to MassBenchmarks. At the same time, the U.S. GDP increased at an annual rate of 2.3%.
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Read article: Massachusetts economy ‘shifts to low gear’ in 4th quarter
February 05, 2025
