New Data Shows RI’s Economy Is Collapsing in Key Sectors, While Small Biz Await Plan From Raimondo

New data shows that key sectors of Rhode Island’s economy are collapsing and dramatically trail the rest of New England and the country due to the impact of the coronavirus.

Rhode Island’s two largest sectors — healthcare and hospitality — are in free fall.

The arts and entertainment sector has been devasted across the country and in New England, but worse in Rhode Island.

And, the grocery section — one of the bright spots in the economy — is even down in Rhode Island.

The data was developed by Opportunity Insights, a collaborative effort by MIT and Harvard and Brown University researchers which looks at the impact of the coronavirus on multiple business sectors.

According to the numbers, Rhode Island is significantly underperforming the rest of the country.

GoLocalProv News Team

Monday, July 13, 2020

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