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.

Complete Report (2.1 MB)