Report: R.I. Q1 GDP projected to have contracted at 4.3% annualized rate

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RHODE ISLAND's gross domestic product was projected to have contracted at a 4.3% annualized rate in the first quarter of 2020. / COURTESY RHODE ISLAND PUBLIC EXPENDITURE COUNCIL AND THE CENTER FOR GLOBAL AND REGIONAL ECONOMIC STUDIES AT BRYANT UNIVERSITY
RHODE ISLAND's gross domestic product was projected to have contracted at a 4.3% annualized rate in the first quarter of 2020. / COURTESY RHODE ISLAND PUBLIC EXPENDITURE COUNCIL AND THE CENTER FOR GLOBAL AND REGIONAL ECONOMIC STUDIES AT BRYANT UNIVERSITY
PROVIDENCE – Rhode Island’s gross domestic product was estimated to have contracted at a 4.3% annualized rate, according to a report from the Rhode Island Public Expenditure Council and the Center for Global and Regional Economic Studies at Bryant University released Tuesday. The contraction was slower than the 4.8% annualized rate of decline in New…

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