A top economist has sounded the alarm about which states are likely to face a high risk of recession in the months to come.
Mark Zandi, chief economist at Moody's Analytics, wrote on X that state-level data reveal the U.S. economy "is on the edge of recession." Based on Zandi's analysis, states that make up nearly a third of U.S. GDP (gross domestic product) are either in or at high risk of recession.
Why It Matters
The Trump administration has touted GDP growth rates, foreign investment and inflation metrics as proof of economic success and tariffs doing their job.
But some economists have warned that the United States is at the precipice of another recession, with Americans likely to experience the financial fallout.
What To Know
Zandi said while a third of the United States' G