The recession watch is on. The outlook for Massachusetts in 2001 is uncertain, and the downside risks appear to be gaining momentum. What was a favorable industry mix in 2000 may turn out to be unfavorable in 2001, if emerging signs of a worldwide decline in demand for technology products are realized. The chances of a downturn have not been higher in a decade.
Clayton-Matthews, Alan, "Economic Currents: The State of the State Economy" (2001). Public Policy and Public Affairs Faculty Publication Series. 28.
University of Massachusetts
Published in MassBenchmarks, Vol. 4, No. 2, pp. 4-9: http://www.massbenchmarks.org/publications/issues/vol4i2/3.pdf.