RIPEC: Economy expected to contract in 2Q

THE RHODE ISLAND LEADING Economic Indicator is estimating that the state economy will experience positive – but modest – growth in the third quarter at an annualized rate of 0.3 percent. The Rhode Island economy is expected to shrink 1.2 percent in the second quarter. / COURTESY RHODE ISLAND PUBLIC EXPENDITURE COUNCIL
THE RHODE ISLAND LEADING Economic Indicator is estimating that the state economy will experience positive – but modest – growth in the third quarter at an annualized rate of 0.3 percent. The Rhode Island economy is expected to shrink 1.2 percent in the second quarter. / COURTESY RHODE ISLAND PUBLIC EXPENDITURE COUNCIL
PROVIDENCE – The Rhode Island economy contracted in the second quarter at an annualized rate of 1.2 percent, according to the Rhode Island Current Economic Indicator briefing released Friday by the Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure Council. Going forward, the economic outlook is less…
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