Rhode Island Economic Growth Slows in Fourth Quarter of 2014

Rhode Island Public Expenditures Council

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Rhode Island Economic Growth Slows in Fourth Quarter of 2014

PROVIDENCE, R.I. (February 2015) – 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 broke a streak of six consecutive quarters with growth above 2.0 percent in the fourth quarter of 2014. The state’s economy grew by an annual rate of 2.4 percent in the third quarter of 2014 and by 1.8 percent in the fourth quarter of 2014. Growth is projected to continue into the first quarter of 2015, as the Leading Economic Indicator projects an expansion of 2.0 percent. The Rhode Island economy grew at a rate of 2.2 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.