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GoLocalProv | Side of the Rhode: Who s Hot and Who s Not?

GoLocalProv | Side of the Rhode: Who s Hot and Who s Not?
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Report: RI economy recovering but trails region, country

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.

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GoLocalProv | Rhode Island Falls Behind Nation in Economic Recovery, According to New Report

RI s unemployment recovery continues to lag that of the U.S. Photo: RIPEC Rhode Island is in the midst of a protracted economic downturn and trails the rest of the nation, according to the Rhode Island Current Economic Indicator Briefing for the fourth quarter of 2020. The report was published Friday by the Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure Council. According to researchers, economic data for Q4 2020 are mixed, with evidence of a slump in December compared to November. After expanding by 35.5 percent in Q3, Rhode Island’s Gross Domestic Product (GDP) is projected to have decreased by 2.0 percent in Q4.

Rhode islandUnited statesGolocalprov news teamRhode island public expenditure councilRegional economic studies at bryant universityRhode island falls behind nationEconomic recoveryRhode island current economic indicator briefingRegional economic studiesBryant universityRhode island public expenditureGross domestic productOcean stateNew england regionNew englandRhode island news

GoLocalProv | NEW: Rhode Island Falls Behind Nation in Economic Recovery, According to New Report

RI s unemployment recovery continues to lag that of the U.S. Photo: RIPEC Rhode Island is in the midst of a protracted economic downturn and trails the rest of the nation, according to the Rhode Island Current Economic Indicator Briefing for the fourth quarter of 2020. The report was published Friday by the Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure Council. According to researchers, economic data for Q4 2020 are mixed, with evidence of a slump in December compared to November. After expanding by 35.5 percent in Q3, Rhode Island’s Gross Domestic Product (GDP) is projected to have decreased by 2.0 percent in Q4.

Rhode islandUnited statesGolocalprov news teamRhode island public expenditure councilRegional economic studies at bryant universityRhode island falls behind nationEconomic recoveryRhode island current economic indicator briefingRegional economic studiesBryant universityRhode island public expenditureGross domestic productOcean stateNew england regionNew englandரோட் தீவு