Bay State’s economy doubles US pace
Global appetite for high-tech products, services seen as key
After a slowdown at the end of 2011, the Massachusetts economy gained steam in the first three months of this year and is expected to steadily strengthen throughout 2012. The University of Massachusetts and the Federal Reserve Bank of Boston reported Friday that Massachusetts’ economy continued to outperform the nation’s. It found consumer confidence, consumer spending , and sales in Massachusetts’ important high-tech sector were all on the rise. Forecasters noted in particular a revival in semiconductor sales, a bellwether for Massachusetts technology driven economy.
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