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Massachusetts economy suffers worst quarter in history thanks to coronavirus, UMass study finds

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MassLive, July 2020

The coronavirus pandemic, and the shutdown of most commerce in order to keep people home and save lives, knocked the Massachusetts economy for a loop, economists said Thursday.

The state’s real gross domestic product (GDP) declined at an annualized rate of 43.8% in April, May and June, according to MassBenchmarks, a study of the state’s economy coordinated by the Federal Reserve Bank of Boston and the University of Massachusetts Donahue Institute.

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