Bryant economist presents R.I. economic outlook to NEEP

November 17th, 2010

Edinaldo Tebaldi, assistant professor of economics, today presented a report (available as a .pdf here), "The Rhode Island Economic Outlook and Forecast: A Strategy for Reducing the State Budget Deficit," at the Fall 2010 Economic Outlook Conference held by the New England Economic Partnership (NEEP). Tebaldi co-wrote the report with Edward M. Mazze, Distinguished University Professor of Business Administration at the University of Rhode Island.

"With the lack of federal stimulus funds, Rhode Island will face a significant budget deficit in FY 2012," the pair write. "The solution to the deficit problem will be to start at the beginning: everything comes up for review. Zero-based budgeting and a strategic planning process need to be used by every state government department and then implemented by city and local governments. Changing government fiscal and operational behavior are long-term activities."

The report also includes forecasts in the following areas:

• state macroeconomics
• employment
• housing
• consumer delinquencies and bankruptcies
• fiscal responsibility in state budgeting

 GoLocalProv.com interviewed Tebaldi for an article about the report. The Providence Business News article about the report is here.

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Keywords: College of Arts and Science, economic recovery, economics, Edinaldo Tebaldi, employment rate, In the News, NEEP, Research, Rhode Island economy