URI professor: R.I.’s economy remains ‘abysmal’

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WHAT: Rhode Island’s economic performance in December was much the same as it had been throughout all of 2008—abysmal. While the value of the Current Conditions Index was 8 again, based on only one indicator improving, the declining pace of economic activity here, as with the nation, was highly significant.

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

WHEN: For release today, Feb. 13, 2009

HOW: Use enclosed 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.


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

Dave Lavallee, URI Department of Communications, 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.