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Report Suggests One-Third of US States Could Be in Recession

Report Suggests One-Third of US States Could Be in Recession

According to the Financial Times, economic conditions in several states indicate that a significant portion of the U.S. may already be experiencing recessionary trends.

Fact Check
The statement is strongly supported by evidence from Quartz, which directly quotes Moody's chief economist stating that 'states making up nearly a third of U.S. GDP are either in or at high risk of recession.' This expert assessment, from a credible source, aligns directly with the statement's claim. Other sources, like Newsweek, corroborate that a significant number of states are considered at high risk.
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Terms & Concepts
  • Recession: A period of significant economic decline across the economy, typically identified by a fall in GDP, rising unemployment, and reduced consumer spending.