MassBenchmarks Report: Economy Downshifted In 2011

By Anthony Silva, WBZ NewsRadio 1030 New England Business Editor

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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