Economic activity in Massachusetts is on the decline. According to the current economic index, real gross state domestic product grew at only a 0.6 percent annual rate in the third quarter, and the leading index is predicting that the state’s economy will decline at a 1.5 percent annual rate over the six months november 2008 through april 2009. Massachusetts is in a recession.
Clayton-Matthews, Alan, "Recession Grips the Bay State" (2009). Public Policy and Public Affairs Faculty Publication Series. 6.
University of Massachusetts Donahue Institute