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Statewide Results
ECONOMIC PERFORMANCE

Most CEOs say national and state economies are stalled,
while their own company is growing

periwinkle bullet image  CEOs are evenly split on the direction of the national economy.
       29% growing    30% shrinking
pink bullet image  CEOs are evenly split on the direction of the state economy.
       27% growing    28% shrinking
off white bullet image  CEOs say their own businesses are growing
       55% growing    22% shrinking

Chart: Statewide results on Economic Performance
June 2005  Mass Economic Assessment and Analysis Project
Conducted by the University of Massachusetts Lowell Poll

Massachusetts CEOs are split on the direction of the national economy, 29% think its growing while 30% think it's shrinking. They express similar sentiments concerning the state's economy, 27% think its growing while 28% think its shrinking. However, when asked to describe their own business 55% say their business is growing while 22% say it is shrinking. This is a significant difference indicating an increase in employment is inevitable. It also fits a classic pattern, CEOs are generally optimistic about their companies fortunes while pessimistic about the regional and national economy.

Questions

"In general, how would you describe the national economy's performance compared to the last quarter?"

"How would you describe the state economy's performance compared to the last quarter?"

"Please describe your own business now, as compared to the same time last year."

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Massachusetts Economic
Assessment & Analysis Project

A joint project of
UMASS Boston logo and link to UMASS Boston web site UMASS Lowell logo and link to UMASS Lowell web site

John W. McCormack
Graduate School
of Policy Studies

Center for Economic
and Civic Opinion

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