The U.S. economy is on the “edge of recession,” and states accounting for nearly a third of national output are already in or at high risk, Moody’s Analytics chief economist Mark Zandi said Sunday, citing fresh state-level readings of employment and output.
Moody’s Chief Warns Recession Risk Spreads Across Key States
“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,” he wrote on X.