Roughly half of US states are effectively in a recession and ‘hanging on by their fingertips,’ Moody’s chief economist says

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Roughly half of US states are effectively in a recession and ‘hanging on by their fingertips,’ Moody’s chief economist says

fortune.com/2025/10/09/america-feels-recession-state-dependent-income-cohort-moody-zandi

ANALYSIS: Despite strong national figures—3.8% GDP growth and 4.3% unemployment—large parts of the U.S. are effectively in recession, according to Moody’s. Chief economist Mark Zandi exclusively told Fortune that 22 states are contracting and many lower- and middle-income households are…

This story appeared on fortune.com, 2025-10-09 14:16:20.