The editorial board of MassBenchmarks, a journal published by the Donahue Insitute at UMass, forecasts a rebound in exports from the state now that the economies of two major trading partners — Europe and China — have begun to stabilize.
The economists also cite the improving real estate market and an unemployment rate that remains below the national average. They say the state has experienced a "reasonably healthy" recovery.
The federal budget sequester is expected to take a toll on key sectors of the Massachusetts economy, however, including companies and research facilities that rely on defense spending and grants from the National Institutes of Health.
