Positioning Rhode Island for Continued Growth

Rhode Island Public Expenditures Council

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Positioning Rhode Island for Continued Growth

PROVIDENCE, R.I. (November 2014) – According to the Rhode Island Current Economic Indicator (CEI) briefing released today by the Center for Global and Regional Economic Studies and the Rhode Island Public Expenditure Council (RIPEC), Rhode Island’s economy has experienced growth over 2.0 percent over the past six economic quarters. The state’s economy grew by an annual rate of 3.0 percent in the second quarter of 2014 and by 2.3 percent in the third quarter of 2014. Growth is projected to continue into the fourth quarter, as the Leading Economic Indicator projects an expansion of 2.5 percent. Overall, the Rhode Island economy is projected to expand 2.4 percent in 2014, compared to 1.4 percent in 2013 and 1.3 percent in 2012. A copy of the press release is available here, and the full briefing is available here.