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KEEPING TABS: Leonard Lardaro, University of Rhode Island economics professor, says indictors for Rhode Island are looking grim, but he doesn’t foresee a coming downturn as severe as the previous one to hit the state. / PBN PHOTO/MIKE SKORSKI

Economists say next downturn won’t be as bad for R.I.

Rhode Island has cranes in the sky, unemployment below 4%, new companies such as Infosys Ltd. and new jobs have arrived in its capital...

Get ready for next recession

While fears of an imminent recession appear to be fading, it is not a question of if but when the next one is felt...

U.S. economy keeps defying the recession odds

It’s impressive how well the U.S. economy has held up during the past year. As early as 2018, leading indicators were suggesting a heightened...

Americans feel down about a decent economy

In early 2017, a strange pattern began to appear. So-called soft economic numbers – surveys of business leaders and consumers – started to look...
BAD FOR TAXPAYERS? Gov. Gina M. Raimondo on Sept. 16 said a new Small Business Development Fund approved by state lawmakers was not good for taxpayers. She supports R.I. Commerce Corp.’s plans to create rules to ensure proper oversight of tax credits approved under the program.
 / PBN FILE PHOTO/
MICHAEL SALERNO

Tax-credit program needs strong oversight to pay off

Economic-development officials took a good step on Sept. 16 in agreeing to create clear rules ahead of the rollout of a new tax-credit program...

Zillow predicts housing market slowdown in 2020

PROVIDENCE – The economy in the United States could be on the verge of a recession, with many experts polled by online real estate...

Taking stock

Are you an active investor? Yes: 80% No: 20% Do you own any stock or bonds directly or through mutual funds? Both: 60% Stocks: 20% Mutual funds: 20% Bonds: 0% Are you...
BANK OF AMERICA CEO Brian Moynihan said that recession risks are low in the U.S. as consumer spending remains strong but noted that fear of a recession could impact the economy. / BLOOMBERG NEWS/SIMON DAWSON

BofA’s CEO says the biggest recession risk is the fear of...

NEW YORK – Bank of America Corp. CEO Brian Moynihan said this week’s bond-market turmoil has been driven by issues outside the United States,...
THE U.S. AND U.K yield curves inverted for the first time since the 2008 financial crisis. The flip is considered by some as an indicator of an oncoming recession. / BLOOMBERG NEWS

Bonds signal growing global distress as key yield curve flips

NEW YORK – The United States government bond market sounded alarms Wednesday as investors fleeing riskier assets drove the 30-year bond’s yield to a...
THE ODDS of an oncoming global recession are rising amid a continuing trade dispute between the U.S. and China. / BLOOMBERG NEWS

World economy edges closer to a recession as trade dread deepens

WASHINGTON – The escalating trade war between the United States and China is nudging the world economy toward its first recession in a decade...

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