Economists: Snow Didn’t Hurt Strong State Economy

moneyBOSTON (AP) — Economists say the brutal winter weather of early 2015 had only a “transitory, and ultimately minor” effect on the state’s overall economic health.

The editorial board of MassBenchmarks, a journal of the state’s economy, also said Thursday the state is in many ways experiencing its most robust expansion since the late 1990s, with employment growing and the gross state product outpacing the U.S. as a whole.

While the record winter snowfall did not appear to inflict any lasting harm on the local economy, the board did note that it exposed the need for greater investment in the state’s transportation infrastructure.

The economists cited a shortage of affordable housing as a threat to future growth and said the economic boom continues to be “disproportionately concentrated” within greater Boston and Interstate 495.



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