URI economist says state’s rate of economic growth slowing

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Current Conditions Index remains at 58 for April


WHAT: Rhode Island began the second quarter in much the same it ended the first: continued slowing in its rate of economic growth. April matched March’s Current Conditions Index of 58, indicating that seven of the 12 indicators improved relative to their values a year ago.


WHO: URI Professor of Economics Leonard Lardaro, creator and author of the Current Conditions Index.


WHEN: For release today April 13, 2011


HOW: Use attached information, including summary and charts prepared by Lardaro for news reports. He is available for broadcast and print interviews. The new information and other historical information can also be found on Lardaro’s web site at http://members.cox.net/lardaro/current.htm.


FOR

INFORMATION: Leonard Lardaro, office, 401-874-4128, home, 401-783-9563

Dave Lavallee, URI Department of Communications and Marketing, 401-874-2116.


BACKGROUND: The Current Conditions Index, created by Lardaro, measures the strength of the present economic climate in R.I. by following the behavior of 12 indicators.