US Edition22 States Are in a Recession or on the Brink: Moody’s
Economic contraction affects 22 states with consumer confidence weakening among low-income groups amid federal layoffs and funding cuts, Moody’s Analytics reports.
- Last month, Moody's Analytics chief economist Mark Zandi said almost half of U.S. states face downturns, with 22 contracting, 16 growing, and 13 treading water.
- Three factors—slowing immigration, tariffs and federal job cuts—are driving contractions, while private surveys during the government shutdown show weakening consumer confidence, Moody's Analytics and Zandi said.
- Despite national GDP growth of 3.8% and unemployment at 4.3%, large states such as California, Texas, and New York are still growing and keeping U.S. growth positive.
- In the District of Columbia, Zandi notes the sharpest contraction due to federal layoffs and funding cuts, while lower-income households remain financially precarious with lagging wage growth this year.
- Looking ahead, inflation persistence and big-state performance pose key risks as Michael Barr, Federal Reserve Vice Chair, warned inflation could persist through 2027 and Mark Zandi said California and New York could decide the national outcome.
19 Articles
19 Articles
22 states, including Illinois, are in a recession or on the brink: Moody’s
(NewsNation) — Twenty-two states are either in a recession or on the verge of a downturn, according to a new analysis from Moody's Analytics. Mark Zandi, chief economist at Moody's Analytics, said the state’s problems stem from a mix of slowing immigration, increasing tariffs and federal job cuts. According to Zandi, the following 22 states are in a recession or nearly so: Wyoming, Montana, Minnesota, Mississippi, Kansas, Massachusetts, Washingt…
Over 20 state economies are in or near recession, Moody's finds
The economies of more than 20 states are either in a recession or are on the brink of slipping into one, according to an analysis by Moody's Analytics chief economist Mark Zandi.Zandi's analysis found that as of late August, 21 states and the District of Columbia were either in recession or at high risk of entering recession. It also found that 13 states were "treading water" while another 15 states' economies are expanding."State-level data mak…
Massachusetts in a recession or on the brink: Moody’s
(NewsNation) — Twenty-two states are either in a recession or on the verge of a downturn, according to a new analysis from Moody's Analytics. Mark Zandi, chief economist at Moody's Analytics, said the state’s problems stem from a mix of slowing immigration, increasing tariffs and federal job cuts. According to Zandi, the following 22 states are in a recession or nearly so: Wyoming, Montana, Minnesota, Mississippi, Kansas, Massachusetts, Washingt…
NewsNation
22 states are in a recession or on the brink: Moody’s
Twenty-two states are either in a recession or on the verge of a downturn, according to a new analysis from Moody's Analytics.
Mississippi is in a recession or on the brink: Moody’s
(NewsNation) — Twenty-two states are either in a recession or on the verge of a downturn, according to a new analysis from Moody's Analytics. Mark Zandi, chief economist at Moody's Analytics, said the state’s problems stem from a mix of slowing immigration, increasing tariffs and federal job cuts. According to Zandi, the following 22 states are in a recession or nearly so: Wyoming, Montana, Minnesota, Mississippi, Kansas, Massachusetts, Washingt…
Moody’s Says 22 States Are Already in Recession Despite Strong Overall GDP
Moody’s Analytics chief economist Mark Zandi says 22 U.S. states are already in recession, despite that national figures show the overall economy growing at a 3.8 percent pace and unemployment holding at 4.3 percent. In a new interview with Fortune that builds on his late August analysis, Zandi said that much of the country’s economy is contracting beneath the surface, with many lower- and middle-income Americans on the cusp of financial distres…
Coverage Details
Bias Distribution
- 80% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
