Pioneer Institute Report: Massachusetts in ‘Economic Slowdown’ Since 2020

Pioneer Institute report: Massachusetts in ‘economic slowdown’ since 2020

Massachusetts has seen an economic slowdown since 2020, with the professional, scientific, and technical services sector hard hit throughout the state, according to a new Pioneer Institute report released Thursday. “Massachusetts’ flagging leadership in the professional, scientific, and technical sectors is clear and troubling,” said Aidan Enright, Pioneer research associate and author of the report. “It is the engine of Massachusetts’ innovatio…

New Report Shows Massachusetts Has Been in Economic Slow Down Since 2020

Professional, Technical, and Scientific Services Sector Hardest Hit According to GDP Data  Read the Brief BOSTON — A new report from Pioneer Institute shows that Massachusetts has been in an economic slowdown since 2020, with the professional, scientific, and technical services sector (PSTS) exhibiting the greatest slowdown relative to competitor states since 2022. This sector includes scientific research and development, computer systems design…