The current economic climate in Rhode Island is raising concerns among experts, with some indicating that the state may be on the brink of a full-blown recession. Recent data paints a concerning picture, revealing a sharp decline in various economic indicators.
According to leading economists, March marked the worst monthly performance since the Great Financial Crisis. The **Rhode Island (RI) Recession** fears are amplified by a significant drop in the state’s Composite Economic Index (CCI), which plummeted from a neutral value in January to two consecutive months of contraction. This trend suggests a weakening economic foundation and heightened uncertainty about the future.
Declining Manufacturing Wage and Employment Rate
One particularly…..