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Article: Rhode Island Economy Declines Again; No Improvement Expected in '96.(Originated from Providence Journal-Bulletin, R.I.)
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- November 14, 1995
- Author:
CopyrightCOPYRIGHT 1995 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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an index designed to predict the course of the local economy. In fact, it already appears to be in a recession, declared Glenworth Ramsay, manager of the index.
Although Ramsay said the state statistically was in an economic recovery from 1991 through late last year, many people have found it difficult to perceive.
"My guess is, we're in it (a recession) now," said Ramsay. "The index said this was coming." It was "an anemic recovery at best," he added.
The University of Rhode Island/Providence Providence Journal Index of Leading Economic Indicators slumped in the third quarter -- the fourth straight quarterly decline. Rhode Island in the past has ...