While the state’s economy is still growing, albeit at a much slower rate than in the 1990s, there is a risk of a serious deceleration of economic activity. The evidence we have still favors a “soft landing” for the economy, but the risks of recession appear to have risen substantially.
Clayton-Matthews, Alan, "Economic Currents: The State of the State Economy" (2001). Public Policy and Public Affairs Faculty Publication Series. 27.
University of Massachusetts
Published in MassBenchmarks, Vol. 4, No. 1, pp. 4-9: http://www.massbenchmarks.org/publications/issues/vol4i1/3.pdf.