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What s Up Today: Friday, July 7 - What s Up Newp
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Irish Polo Team to participate in Pony Parade in downtown Newport on July 7
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Report: RI economy recovering but trails region, country Jack Perry, The Providence Journal © Scott Barrett/Newport Daily News, file Hammetts Hotel under construction on America’s Cup Boulevard in Newport in 2019. Construction has been a bright spot for jobs, but hospitality employment has lagged as Rhode Island recovers from the pandemic.
Rhode Island s economy grew in the first quarter, but it trails the region and nation in its recovery from the coronavirus pandemic, according to a report published Tuesday by the Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure Council.
Rhode Island s gross domestic product is projected to have grown by 3.5% in the first quarter, but that trails New England, with projected growth of 5.2%, and the nation at 6.4%, the Rhode Island Current Economic Indicator Briefing reports.