Report: R.I. economy ?grows, but vulnerable

PROVIDENCE – Rhode Island’s economy experienced growth in the fourth quarter, but is showing signs of weakness, according to the Rhode Island Current Economic Indicator briefing released last week.

The quarterly briefing, developed by economists at The Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure Council, combines several key gauges of economic activity to measure economic conditions in Rhode Island.

The state’s economy grew 1.8 percent in the fourth quarter. It was preceded by growth of 2.4 percent in the third quarter. The state’s economy fell short of fourth-quarter projections of 2.5 percent growth, however.

Growth is expected to continue in the first quarter of 2015, with expansion projected at 2 percent.

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Rhode Island’s economy in the fourth quarter also lagged when compared with New England’s economy as a whole, which grew 3 percent in the fourth quarter, an increase of 0.7 percentage points from the third quarter. •

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