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R.I.’s economy grew in first quarter, but not as much as other New England states Brian Amaral
PROVIDENCE Rhode Island’s economy grew in the first three months of 2021, but at a slower pace than New England as a whole, a widening of the state’s so-called “growth gap,” an economic model released Tuesday says.
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According to the report by experts at Bryant University’s Center for Global and Regional Economic Studies and the nonprofit Rhode Island Public Expenditure Council, the state’s gross domestic product grew by an estimated 3.5 percent annualized rate in the first quarter, compared to an estimated 5.2 percent growth in all of New England and 6.4 percent in the U.S.