Economic development

Q3 2020 CEI Shows Partial Recovery, Constrained Economic Activity

PROVIDENCE, RI – While economic activity in Rhode Island grew in the third quarter of 2020 and the state recovered a significant number of jobs as compared to the second quarter of 2020, economic activity continues to be severely constrained. These projections were released today in the Rhode Island Current Economic Indicator Briefing, published jointly by …

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CEI for Q2 2020 Shows Historic Contraction of Economic Activity and Employment in RI

PROVIDENCE, RI – Today, the Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure Council jointly released the Rhode Island Current Economic Indicator (CEI) Briefing for the second quarter of 2020. The Briefing details an unprecedented contraction in economic activity in Q2, with the Gross Domestic Product (GDP) declining …

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May 2020 Consensus Revenue Estimating Conference Points to Slow Recovery of State Revenues

PROVIDENCE, RI – A new Rhode Island Public Expenditure Council report warns that Rhode Island may experience a long-term shortfall in general revenues and finds that while the state recovered all the jobs lost during the Great Recessions several years ago, its inflation-adjusted general revenue levels had yet to recover, before the pandemic. The report, “Rhode …

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Unemployment Trust Fund Solvency Threatened, Rate Hikes Likely; TDI Stable but Rates Hikes Likely

PROVIDENCE, RI – A new Rhode Island Public Expenditure Council report released today finds that, because of the economic crisis resulting from the COVID-19 pandemic, Rhode Island’s unemployment insurance (UI) trust fund is projected to be insolvent by the end of September. As a result, employers are likely to pay significantly more in federal and state …

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CEI for Q1 2020, April Jobs Numbers Show Sharp Decline, Uneven Impact of Pandemic on RI Industries

PROVIDENCE, RI – Today, the Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure Council jointly released the Rhode Island Current Economic Indicator (CEI) Briefing for the first quarter of 2020. “The industry breakdown of employment losses speaks to the fact that Rhode Island has one of the …

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Q4 2019 Current Economic Indicator Shows Expanding Economy but Persistent Growth Gap

Providence (February 2020) – Today, the Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure Council jointly released the Rhode Island Current Economic Indicator (CEI) Briefing for the fourth quarter of 2019. The briefing showed that the improved economic conditions and job growth seen in Rhode Island over …

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Q3 2019 Current Economic Indicator Shows Steady, Slow Growth

Providence (November 2019) – Today, the Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure Council jointly released the Rhode Island Current Economic Indicator (CEI) Briefing for Q3 2019. Rhode Island GDP is projected to have expanded 1.8 percent in Q3 2019. For the first time since 2013, …

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RIPEC Releases Economy Volume in Rhode Island in Context Series

PROVIDENCE R.I. (October 2019): Today, the Rhode Island Public Expenditure Council released the third of three volumes that comprise “Rhode Island in Context: Regional and Historic Trends,” 2019 Edition. The full volume is available here.  “Rhode Island in Context” provides summaries and analyses of the most current national, regional, and state data that measure the Ocean …

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RIPEC Releases Population Volume in Rhode Island in Context Series

PROVIDENCE R.I. (October 2019): Today, the Rhode Island Public Expenditure Council released the second of three volumes that comprise “Rhode Island in Context: Regional and Historic Trends,” 2019 Edition. “Rhode Island in Context” provides summaries and analyses of the most current national, regional, and state data that measure the Ocean State’s population trends, economy, and …

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Q2 2019 Current Economic Indicator Shows Sluggish GDP Performance

Providence (August 2019) – Today, the Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure Council jointly released the Rhode Island Current Economic Indicator (CEI) Briefing for Q2 2019. Rhode Island GDP is projected to expand 1.7 percent in Q2 2019 and 2.2 percent in Q1 2019, which …

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