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Forecast sees New England economy growing modestly

4:23 PM, May 21, 2013   |    comments
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BOSTON (AP) - Modest economic growth is expected in New England over the next three years with the region as a whole returning to pre-recession employment levels by 2015.

That's according to a new economic forecast being released this week by the New England Economic Partnership.

Forecast manager Ross Gittell, chancellor of New Hampshire's community college system, predicts that economic growth in the six-state region will average 3.3 percent per year through 2016, while employment climbs by 1.4 percent per year.

Economists warn the recovery could be slowed by several factors including the automatic federal budget cuts and continued economic uncertainty in Europe.

Conditions will also vary from state to state, with forecasters expecting the strongest growth in Massachusetts and Vermont.

NEEP plans to release its full forecast and state-by-state breakdowns on Wednesday.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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