This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Over 20 state economies are in or close to recession, Moody’s finds
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > Economy > Over 20 state economies are in or close to recession, Moody’s finds
Economy

Over 20 state economies are in or close to recession, Moody’s finds

Editorial Board Published October 10, 2025
Share
Over 20 state economies are in or close to recession, Moody’s finds
SHARE

UBS managing director and senior portfolio supervisor Jason Katz discusses whether or not the Federal Reserve will additional reduce rates of interest on ‘Varney & Co.’

The economies of greater than 20 states are both in a recession or are getting ready to slipping into one, in line with an evaluation by Moody’s Analytics chief economist Mark Zandi.

Zandi’s evaluation discovered that as of late August, 21 states and the District of Columbia had been both in recession or at excessive danger of coming into recession. It additionally discovered that 13 states had been “treading water” whereas one other 15 states’ economies are increasing.

“State-level data makes it clear why the U.S. economy is on the edge of recession,” Zandi wrote in a put up on X. “Based on my assessment of various data, states making up nearly a third of U.S. GDP are either in or at high risk of recession, another third are just holding steady, and the remaining third are growing.”

“States experiencing recessions are spread across the country, but the broader DC area stands out due to government job cuts,” he added.

THE US ECONOMY SAW ‘ESSENTIALLY NO JOB GROWTH’ LAST MONTH: MOODY’S

The evaluation by Zandi discovered 21 states plus DC had been in recession or liable to coming into one. (Michael Nagle/Bloomberg by way of Getty Photographs / Getty Photographs)

Among the many states recognized by Zandi as being in recession or at excessive danger of recession, a number of are notable contributors to the general U.S. financial system by way of their share of the nation’s gross home product (GDP).

Illinois (3.85% of U.S. GDP), Georgia (3.03%), Washington (3.02%), New Jersey (2.93%), Massachusetts (2.73%) and Virginia (2.66%) had been the most important state economies listed as being in recession or at excessive danger of coming into one.

FED MINUTES SHOW POLICYMAKERS REMAIN CONCERNED ABOUT INFLATION AS THEY WEIGH RATE CUTS

Moody's Analytics chief economist Mark Zandi

Moody’s Analytics chief economist Mark Zandi stated preserving massive state economies like California and New York out of recession is vital for the U.S. financial system. (Al Drago/Bloomberg by way of Getty Photographs / Getty Photographs)

States that had been recognized in Zandi’s evaluation as having economies which can be “treading water” embody California (14.5%), New York (7.92%), Ohio (3.14%) and Michigan (2.44%). 

The states with increasing economies included Texas (9.41%), Florida (5.78%), Pennsylvania (3.54%) and North Carolina (2.86%).

“Southern states are generally the strongest, but their growth is slowing,” Zandi famous. “California and New York, which together account for over a fifth of U.S. GDP, are holding their own, and their stability is crucial for the national economy to avoid a downturn.”

THE SEPTEMBER JOBS REPORT IS DELAYED BY THE GOVERNMENT SHUTDOWN – WHAT WAS IT EXPECTED TO SHOW?

Fed Chair Jerome Powell

Federal Reserve Chair Jerome Powell has stated the central financial institution is monitoring dangers to each side of its twin mandate, which is to advertise secure costs and most employment. (Kent Nishimura/Getty Photographs / Getty Photographs)

Zandi’s evaluation has gained consideration in current weeks amid the continuing authorities shutdown. It has already delayed the discharge of the September jobs report and is anticipated to delay the discharge of the patron value index (CPI) that was attributable to be launched subsequent week.

The Bureau of Labor Statistics introduced Friday that it’s recalling some staff who had been furloughed because of the shutdown to assist put together the CPI inflation report, which is able to as an alternative be launched on Oct. 24.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Inflation has remained above the Federal Reserve’s 2% goal this 12 months and has elevated in current months as tariffs take impact. 

Whereas policymakers on the Fed have famous considerations about inflation, they reduce rates of interest final month for the primary time in 2025 amid indicators of the labor market weakening.

TAGGED:economiesfindsMoodysrecessionState
Share This Article
Twitter Email Copy Link Print
Previous Article Single-family home sells for .4 million in Fremont Single-family home sells for $2.4 million in Fremont
Next Article Taylor Swift Loses Near 1 Million Instagram Followers Amid Disastrous Album Rollout, Sources Declare Taylor Swift Loses Near 1 Million Instagram Followers Amid Disastrous Album Rollout, Sources Declare

Editor's Pick

Ottawa’s culinary neighborhood mourns younger Inuk chef killed in stabbing

Ottawa’s culinary neighborhood mourns younger Inuk chef killed in stabbing

The final time Patrick Garland noticed Joshua Qiyuk, the younger chef was on his manner residence after a shift at…

By Editorial Board 3 Min Read
If You Like Thuma’s Frames, You Would possibly Need to Look Into Thuma’s Mattress
If You Like Thuma’s Frames, You Would possibly Need to Look Into Thuma’s Mattress

The Thuma Hybrid affords three firmness choices: Plush, Medium, and Agency. I…

4 Min Read
Santa Rosa police arrest suspects in Condor Membership supervisor’s killing
Santa Rosa police arrest suspects in Condor Membership supervisor’s killing

Santa Rosa police have arrested a person and lady from Dublin within…

2 Min Read

Oponion

Facebook Struggles to Determine How Many Users It Has

Facebook Struggles to Determine How Many Users It Has

Facebook Inc. is struggling to detect and deal with users’…

October 21, 2021

As legal professional common, William Barr personally investigated Jeffrey Epstein’s loss of life. Now Congress has questions.

Within the hours after convicted intercourse…

August 18, 2025

Bay Space-based women ice hockey staff skates its option to nationwide match

From an ice rink in Vacaville…

April 2, 2025

Biden marketing campaign calls scrapped amid ‘rubbish’ comment backlash

The White Home reportedly pulled the…

November 2, 2024

Trump plans to deploy Nationwide Guard in Illinois, governor says

By THOMAS PEIPERT, Related Press The…

October 4, 2025

You Might Also Like

Largest US airways increase strain on Dems to ‘cross a clear CR’ and finish shutdown
Economy

Largest US airways increase strain on Dems to ‘cross a clear CR’ and finish shutdown

tifel Chief Washington Coverage strategist Brian Gardner discusses the looming results of the federal government shutdown on 'The Claman Countdown.'…

4 Min Read
Mortgage charges fall for fourth consecutive week, lowest degree in over a 12 months
Economy

Mortgage charges fall for fourth consecutive week, lowest degree in over a 12 months

Bilt CEO Ankur Jain and United Wholesale Mortgage CEO Mat Ishbia focus on their new partnership that lets owners earn…

4 Min Read
US retailers reducing costs on Hershey’s sweet forward of Halloween: report
Economy

US retailers reducing costs on Hershey’s sweet forward of Halloween: report

FOX Enterprise’ Jeff Flock joins ‘Varney & Co.’ on Halloween to interrupt down how inflation is impacting trick-or-treaters this season. …

3 Min Read
Trump admin revokes approval of 13 Mexican airline routes to US
Economy

Trump admin revokes approval of 13 Mexican airline routes to US

The Trump administration stated it revoked approval of 13 Mexican airline routes into the U.S. this week after Mexico illegally…

5 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?