Economy

Recession risk looms over states, analyst says

Mark Zandi of Moody’s Analytics has repeatedly pointed to warning signs for the economy.
People carrying shopping bags walk out of a grocery store, Wednesday, April 9, 2025, in New York. (AP Photo/Yuki Iwamura)

Twenty-one states and Washington, D.C., are already in or at high risk of entering a recession, according to an analysis of state-level economic data by Mark Zandi, chief economist at Moody’s Analytics.

Zandi said in a post on X that he looked at various data points, including employment and industrial production, to classify states as places with expanding economies; places at high risk of recession; or places that are “treading water,” neither expanding nor contracting. 

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