The state’s economy remains stuck in slow gear, and may no longer even be moving forward. In the face of slow employment growth, a population and brain drain, a sharp spike in energy costs, volatile consumer conﬁdence, housing prices that are clearly cooling, increasing federal budget deﬁcits, trade deﬁcits and rising interest rates, perhaps it’s good news that the economy has been able to grow at all.
Clayton-Matthews, Alan, "Look for Little Growth in the First Half of 2006" (2006). Public Policy and Public Affairs Faculty Publication Series. 12.
University of Massachusetts Donahue Institute
Published in MassBenchmarks, Vol. 8, No. 1, pp. 4-9: http://www.massbenchmarks.org/publications/issues/vol8i1/3.pdf