Summary
Moody's Analytics chief economist Mark Zandi analyzed the U.S. economy and found that 22 states and Washington, D.C., are at high risk of recession. The analysis used various economic data to assess which states are either growing, treading water, or nearing a recession. Despite national GDP growth, there are concerns about slowing job growth and inflation.
Key Facts
- Moody's economist Mark Zandi reports 22 states and Washington, D.C., are at high risk of recession.
- About one-third of the U.S.'s GDP comes from these areas at risk.
- The U.S. economy grew by 3.8% in the second quarter of the year.
- Michigan changed from "treading water" to high-risk status since August.
- Economic assessments include measures like employment data, industrial production, and retail sales.
- Washington, D.C.'s economy struggles due to federal job cuts.
- Texas' economy is expanding, while California and New York are "treading water."
- Concerns about slower job growth and tariffs affecting consumer goods prices remain.
