AMHERST — The state’s economy slowed in the first three months of 2023, growing its statewide domestic product at just 0.1%.
That’s a tiny growth rate considering the U.S. gross domestic product increased at a 1.1% rate according to the U.S. Bureau of Economic Analysis.
“It could be worse, right,” said Alan Clayton-Matthews, senior contributing editor and professor emeritus of economics and public policy at Northeastern University. ”The economy certainly appears to be slowing in Massachusetts. There is good evidence that it is slowing nationally as well.”