Massachusetts
Massachusetts economy outperforms expectations, but trails nation
HADLEY — Massachusetts real gross state product – the state’s GDP – increased at a 3.8% annualized rate in the third quarter versus 4.9% for the nation as a whole.
But both numbers are surprisingly strong, according to the economists behind MassBenchmarks, a study of the statewide economy from the University of Massachusetts Donahue Institute and the Federal Reserve Bank of Boston.