Rhode Island’s economy is teetering on a recession, according to the latest economic overview by University of Rhode Island economist Leonard Lardaro.
Lardaro has published his monthly Current Conditions Index for years. The report usually lags by a couple of months. The latest tracks the state’s economy through June of this year, and each month since January the index has fallen well short of the previous year.
“The question as to whether Rhode Island’s economy is in a recession remains,” Lardaro said in his report. “I can’t entirely rule that out, and had it not been for all the tariff uncertainties, I would most likely would have made the recession call at this point.”…