Lardaro: R.I.’s poor May economic performance keeps alive recession fears

Updated at 3:40 p.m.

PBN Staff

07/22/2025

Lardaro-1-1-1-1 — RHODE ISLAND'S economy had a poor performance in May, raising concerns the state is currently in a recession, University of Rhode Island economist and professor Leonard Lardaro said Tuesday in his monthly Current Conditions Index report. /PBN FILE PHOTO/MICHAEL SALERNO

PROVIDENCE – Rhode Island’s poor economic performance in May fuels recession fears, University of Rhode Island economist and professor Leonard Lardaro said Tuesday in his monthly Current Conditions Index report. The index had a contractual value of 42 in May, a decline from the neutral value of 50 posted in April. A CCI value above

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