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Report: R.I. GDP contracts at 40.6% annualized rate in Q2

PROVIDENCE – Rhode Island’s gross domestic product contracted at a 40.6% annualized rate in the second quarter, reflecting the severe economic impact of the...

Report: R.I. GDP contracts at 40.6% annualized rate in Q2

PROVIDENCE – Rhode Island's gross domestic product declined at a 40.6% annualized rate in the second quarter, reflecting the severe economic impact of the...
MASSACHUSETTS GDP declined at a 43.8% annualized rate in the second quarter, outpacing national declines. / COURTESY MASSBENCHMARKS

MassBenchmarks: Mass. GDP falls at record 43.8% annual rate in Q2

BOSTON – The Massachusetts economy contracted at a 43.8% annualized rate, faster than the national annual rate of 32.9%, MassBenchmarks said on Thursday. The...
U.S. GDP declined at a record 32.9% annual rate in the second quarter. / AP FILE PHOTO/LYNNE SLADKY

U.S. economy shrank at record-breaking 33% rate last quarter

WASHINGTON (AP) – The U.S. economy shrank at a dizzying 32.9% annual rate in the April-June quarter – by far the worst quarterly plunge...
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

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

PROVIDENCE – Real gross domestic product in Rhode Island declined at a 6.2% annual rate in the first quarter, according to the Bureau of...
U.S. GDP declined 5% year over year in the first quarter, but economists are predicting an even sharper drop in the second quarter. / AP FILE PHOTO/WILFREDO LEE

U.S. GDP fell at 5% rate in Q1; worse is likely...

WASHINGTON (AP) – The United States economy shrank at a 5% rate in the first quarter with a much worse decline expected in the...

U.S. economy shrank at 5% annual rate in Q1

WASHINGTON (AP) – The United States economy shrank at an even faster pace than initially estimated in the first three months of this year...
U.S. GDP declined at a 4.8% annual rate in the first quarter and the CBO projects an annualized decline of 40% in the second quarter due to COVID-19 related shutdowns. / AP FILE PHOTO DAVE KOLPACK

U.S. economy shrank at 4.8% rate last quarter as virus struck

WASHINGTON (AP) – The United States economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the...
U.S. GDP increased at a 2.1% rate in the fourth quarter. / AP FILE PHOTO/WILFREDO LEE

U.S. economy grew at 2.1% rate in Q4 but virus threat...

WASHINGTON (AP) – The United States economy grew at an annual rate of 2.1% in the final quarter of last year, but damage from...

Put a stop to economic growth? Huge mistake

One of the more pernicious ideas now coming into vogue is that societies should voluntarily halt their economic growth. In a recent New Yorker...

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