The Regional Economy The Regional Economy

April 1, 1991

1990 was an exceptionally difficult year, as regional economic problems were exacerbated by a national recession. The change came with startling swiftness; only two years ago New England’s prosperity was the envy of the country. Yet 1990 saw widespread layoffs, rising unemployment rates, bankruptcies and foreclosures, and ballooning state government deficits; no sector escaped the recession’s touch.

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