R.I. GDP declines at 6.2% annual rate in Q1, seventh-sharpest slowdown in U.S.

RHODE ISLAND'S GDP declined at a 6.2% annualized rate in the first quarter, the seventh-sharpest contraction of all states in the country. / COURTESY BUREAU OF ECONOMIC ANALYSIS
RHODE ISLAND'S GDP declined at a 6.2% annualized rate in the first quarter, the seventh-sharpest contraction of all states in the country. / COURTESY BUREAU OF ECONOMIC ANALYSIS
PROVIDENCE – Real gross domestic product in Rhode Island declined at a 6.2% annual rate in the first quarter, according to the Bureau of Economic Analysis Tuesday. The decline was the second-highest percentage in New England, only ahead of Maine. New England GDP declined at a 5.2% annual rate overall in the quarter. Real GDP…

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