State economy grows faster than US, but slowdown coming, UMass reports


By Megan Woolhouse | | July 27, 2012

Massachusetts’ economy continued to grow at faster rate than the nation’s largely due to the strength of the state’s technology industry, but national and international developments are expected to slow the pace to the recovery here, according to a quarterly analysis released Friday by the University of Massachusetts.

The state economy grew at an annual rate of 4 percent between April and June, more than double the national rate, according to UMass. The US Commerce Department reported Friday the nation’s economy grew at a 1.5 percent, a sluggish pace, but slightly better than economists forecast. Read More

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