Moody’s: More than 20 US state economies are now in, or near, a recession

A number of U.S. states are either highly vulnerable to, or have already entered, an economic downturn, according to Moody’s Analytics Chief Economist Mark Zandi.

“Based on my assessment of various data, states accounting for nearly one-third of U.S. GDP are either in recession or at high risk of falling into one,” Zandi wrote on X Sunday. “Another third are just holding steady, and the remaining third are expanding.”