Briefing for RI Fourth Quarter Shows State Economy Stalling

Rhode Island public Expenditures Council

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Briefing for RI Fourth Quarter Shows State Economy Stalling

According to a briefing released today by Bryant University and the Rhode Island Public Expenditure Council (RIPEC), the CEI for the fourth quarter increased only 0.7 (annualized) – roughly the same increase seen in the third quarter and significantly lower than the 2.6 percent in the second quarter. In addition, projections show that the state’s economy will expand just 0.9 percent in the second quarter of 2012.  A PDF of the report is available here.