Economist: R.I. in recession due to COVID-19, unemployment could reach nearly 16% by July

AN ECONOMIC forecast of the Rhode Island economy projected that unemployment could reach nearly 16 percent in the next fiscal year. / COURTESY IHS MARKIT FOR STATE OF RHODE ISLAND.
PROVIDENCE – Rhode Island has been plunged into a deep recession by the impact of COVID-19 and won’t begin to recover until the final quarter of 2020, according to an economic analysis prepared for state budget officers. That’s assuming the pandemic subsides over the summer. The impact of the health crisis on the state’s economic…

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