Report Predicts Bleak Future For Mass. Economy
BOSTON — Expect a tough road ahead for the state’s economy, according to a new report from the New England Economic partnership.
The partnership’s latest forecast is pretty bleak. Over the next four months, the state will likely lose jobs. But even after recovery, it concludes the state will start to lose jobs again in 2018.
Northeastern University economist Alan Clayton-Matthews said that’s because there won’t be enough new workers to replace aging baby boomers.
“Now that’s a challenge for the state to face in the future, because a declining workforce does raise threats that employers may not see this as a good place to locate if there aren’t enough workers here,” Clayton-Matthews said.
Clayton Matthews said the state could institute policies to prevent a brain drain and draw in new workers.