NEWS BRIEF 

Bryant University economist Edinaldo Tebaldi, Ph.D. plays a key role in preparing the quarterly Rhode Island Economic Indicator Briefing, a joint publication of the Center for Global and Regional Economic Studies at Bryant University and the Rhode Island Public Expenditure Council (RIPEC). RIPEC is a nonprofit public policy research and education organization.

Rhode Island's Current Economic Indicator (CEI) Quarterly Report provides an important look at the health of the state’s economy compared to the rest of the country, by tracking economic activity across a range of sectors from hospitality to manufacturing.

Q3 2020 Report

The most recent Economic Indicator Briefing notes that Rhode Island’s recovery in Q3 was slower than that of New England and the nation. Rhode Island’s Gross Domestic Product (GDP) is projected to have expanded at an annualized rate of 25.6% in the third quarter, trailing New England’s rate of 27.6% and the United States’ rate of 33.1%.

“There are indications that job creation moving forward is flattening out and will be slower."

“There are indications that job creation moving forward is flattening out and will be slower,” Tebaldi told the Providence Journal in a recent interview. According to the briefing, there was job growth across nearly every industry sector in Q3, but these gains did not make up for Q2 losses from the COVID-19 pandemic.

Tebaldi is a member of the Council of Economic Advisors to Rhode Island Governor Gina Raimondo and serves on the Economic Development Planning Council. He previously served as an Economist for the World Bank and as an Advisor for the New England Public Policy Center of the Federal Reserve Bank of Boston.

The full Q3 2020 RI Economic Indicator Briefing is available here. Previous reports for Q2 2020, Q1 2020, Q4 2019 are also available.