BEA: R.I. GDP increases at annualized 35.5% rate in Q3

Updated at 9 a.m. on Dec. 24, 2020.

RHODE ISLAND GDP increased at a 35.5% rate in the third quarter, after declining 32.4% rate in the second quarter. / COURTESY BUREAU OF ECONOMIC ANALYSIS
PROVIDENCE – Rhode Island gross domestic product increased at an annual rate of 35.5% in the third quarter, faster than the national annualized growth rate of 33.4%, the Bureau of Economic Analysis said on Wednesday. Rhode Island GDP had declined at a 32.4% annualized rate in the second quarter. The Ocean State’s GDP increase in…

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