We thank the Commonwealth of Massachusetts – including Governor Baker, Lieutenant Governor Polito, and Secretary Card – for their leadership in recognizing outdoor recreation’s importance and look forward to working with them to make sure residents and visitors alike benefit from access to outdoor recreation for generations to come.”
“Outdoor recreation in Massachusetts grew 24% in the past year, helping create jobs, supporting rural communities, and promoting conservation of the Commonwealth’s natural resources. “The creation of the Office of Outdoor Recreation is a huge step forward for Massachusetts, a state that offers a wide diversity of outstanding recreation opportunities,” said Jessica Turner, President at the Outdoor Recreation Roundtable. In the same announcement, BEA noted that Massachusetts’ outdoor recreation economy generated $9.5 billion in GDP (1.5% of state GDP), and 93,422 jobs. Eighteen states across the country now have offices dedicated to growing the outdoor recreation economy, announced in 2021 to have been an $862 billion economy (1.9% of GDP) that creates 4.5 million American jobs, according to the U.S. Massachusetts joins Maryland and Arkansas as the most recent states to create an Office of Outdoor Recreation since 2020. In establishing the new office, the Baker/Polito Administration is making a strong commitment to the Commonwealth’s economy, public health and wellness, equitable access to the outdoors, and increasing collaboration and investment in this vital industry.
#Iconomy 1.9 support full#
Massachusetts’ Lieutenant Governor Karyn Polito welcomed an enthusiastic audience full of recreation and conservation advocates to celebrate the new office, which will be housed in the Executive Office of Energy & Environmental Affairs. Russian authorities now believe that growth will be driven by consumption rather than exports, including because of increasing real wages.Massachusetts became the 18th state to establish an Office of Outdoor Recreation – drawing praise from Outdoor Recreation Roundtable (ORR) and bolstering the ability of the nation’s $862 billion outdoor recreation economy to grow even more.
It left the economy contending with a shortage of workers, with various sectors struggling to fill posts. Russia has for years dealt with a demographic crisis, which only worsened with the Ukraine offensive. Russia's low unemployment rate of 3.5% is not a healthy sign, but rather a symptom of its shrinking labor force. Inflation dropped in March to a 3.5% annual rate, and to 2.3% in April. On Wednesday, Rosstat said however the construction and agricultural sectors had held up well during the first quarter.Įxperts said that given this trajectory Russia's public sector deficit could reach between 3-4% of its GDP, higher than the 2% target. The Finance Ministry said the deficit was due to shrinking energy revenues (-52%) and increasing expenditures (+26%), partly due to the Ukraine offensive. This is considerably more than the target deficit of 2.9 trillion rubles. Lower oil revenues directly impacted the budget deficit, which hit 3.4 trillion rubles ($42.3 billion) between January and April. These sanctions had a measurable impact on the Russian economy.ĭespite oil exports at their highest level since the offensive began, oil revenues were still down 43% compared to a year ago, the International Energy Agency (IEA) said in March. The economy was weighed down by another wave of sanctions imposed over its offensive in Ukraine, including a ban by the European Union on Russian petroleum products, on top of a price cap agreed with the Group of Seven and Australia. Russia's gross domestic product shrank by 1.9% in the first quarter of 2023, the country's statistic agency Rosstat said Wednesday.
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