Moody’s Reports Over 20 U.S. State Economies in or Near Recession

The credit ratings agency identifies significant economic weakness across more than 20 state economies, raising concerns over regional downturn risks.

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Terms & Concepts
  • Recession: A period of temporary economic decline generally defined by two consecutive quarters of negative GDP growth.
  • Economic Downturn: A sustained period in which economic activity slows, often characterized by reduced spending, investment, and employment.
  • Credit Ratings Agency: An organization that evaluates the creditworthiness of entities, including countries, corporations, and regional economies.