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Business

MassBenchmarks Report: Economy Downshifted In 2011

By Anthony Silva, WBZ NewsRadio 1030 New England Business Editor
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(File image credit: NOAH SEELAM/AFP/Getty Images)

(File image credit: NOAH SEELAM/AFP/Getty Images)

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Anthony Silva is co-host of the WBZ Afternoon News heard each wee...
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BOSTON (CBS) – The state’s economy downshifted at the end of last year according to the MassBenchmarks report from UMass.

The report shows that the state’s economy grew at an annual rate of 2.3%. That’s lower than the national rate.

At the WBZ Comcast Business Class Luncheon, MassBenchmarks co-editor Michael Goodman said recent federal budget cuts are having an effect here.

WBZ New England Business Editor Anthony Silva has this report.

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