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	<title>Jobs for New England Now &#187; Great Depression</title>
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		<title>Recovery in sight, but RI lags behind nation</title>
		<link>http://www.jobsfornewenglandnow.org/2009/11/04/recovery-in-sight-but-ri-lags-behind-nation/</link>
		<comments>http://www.jobsfornewenglandnow.org/2009/11/04/recovery-in-sight-but-ri-lags-behind-nation/#comments</comments>
		<pubDate>Wed, 04 Nov 2009 19:16:00 +0000</pubDate>
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				<category><![CDATA[News]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Great Depression]]></category>
		<category><![CDATA[Jobs]]></category>
		<category><![CDATA[recovery]]></category>
		<category><![CDATA[Rhode Island]]></category>

		<guid isPermaLink="false">http://www.jobsfornewenglandnow.org/?p=585</guid>
		<description><![CDATA[Rhode Island's rate of recovery, however, will be the slowest since the Great Depression, Carbacho-Burgos said, downgrading his projections of six months ago.]]></description>
			<content:encoded><![CDATA[<p>From today&#8217;s <a href="http://newsblog.projo.com/2009/11/economist-recovery-in-sight-bu.html">Providence Journal</a>: The end of the &#8220;Great Recession&#8221; is in sight, but economic recovery in Rhode Island will lag behind its New England neighbors and the rest of the nation, according to Andres Carbacho-Burgos, an economist with Moody&#8217;s Economy.com.</p>
<p>&#8220;Rhode Island, like the rest of the United States, is emerging from the Great Recession,&#8221; he said to a collection of the state&#8217;s top budget officials Wednesday morning, describing the Ocean State&#8217;s economic problems as the &#8220;second-worst recession in Rhode Island History in terms of proportional job losses.&#8221; Only 1991 was worse.</p>
<p>Rhode Island&#8217;s rate of recovery, however, will be the slowest since the Great Depression, Carbacho-Burgos said, downgrading his projections of six months ago.</p>
<p>The news was not altogether unexpected, but suggests that state budget deficits &#8212; and pressure on lawmakers to cut programs and raise taxes &#8212; will continue to grow in the coming months.</p>
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