Document Type


Publication Date

Summer 2003


The state economy appears poised for future growth, but serious issues remain. The “unwinding” of the economic excesses of the 1990s is delaying a genuine economic turnaround, but many other issues are weighing heavily on the economy. These include the risk of terrorism, weak global economic performance, a weak dollar (this issues cuts two ways), and the threat of deflation. When a recovery arrives, job growth will probably lag, and be modest when it appears. We should not expect to return to the heady days of the late 1990s anytime soon.


Published in MassBenchmarks, Vol. 6, No. 2, pp. 4-11:


University of Massachusetts

Included in

Economics Commons



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