Report: R.I. GDP declines at 2% annual rate in Q4

PBN Staff

02/05/2021

RHODE ISLAND GDP declined at a 2% annualized rate in the fourth quarter of 2020. / COURTESY RHODE ISLAND PUBLIC EXPENDITURE COUNCIL

PROVIDENCE – Rhode Island's gross domestic product was estimated to have declined at a 2% annualized rate in the fourth quarter of 2020, according to a new report. GDP had expanded at a 35.5% annualized rate in the third quarter, according to the Current Economic Index released on Thursday by the Rhode Island Public Expenditure…

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