July 14, 2021 10:59 pm
PROVIDENCE, R.I. (AP) The state’s economy continues to make a strong comeback from the worst days of the coronavirus pandemic, a University of Rhode Island economics professor said Wednesday.
Leonard Lardaro said 11 of 12 indicators in his monthly Current Conditions Index improved in May compared to where they were in May of last year.
Rhode Island’s overall CCI value rose to 92 out of 100 in May, up from 75 in April.
Lardaro warned that despite recent economic improvement the state would likely not return to normal as it existed prior to the pandemic, but a changed situation caused by the loss of many small businesses, and structural changes in the way goods and services are produced.
URI professor: Rhode Island economy shows continued signs of recovery from worst of pandemic
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GoLocalProv | URI Economist Lardaro Says RI Economy Shows Vast Improvement But Raises a Flag of Caution
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Driven by jobs, Rhode Island economy shows continued signs of recovery
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Rhode Island economy shows continued signs of recovery
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