The U.S. economy is very close to falling into a damaging contraction — and many states are already experiencing a recession, according to Mark Zandi, chief economist at Moody’s Analytics.
Zandi estimates that 22 states plus the District of Columbia are now experiencing persistent economic weakness and job losses that are likely to continue. Another 13 states are treading water, he noted.
problems are driven largely by a mix of slowing immigration, increasing tariffs and federal job cuts, Zandi argues
Looks like our federal policies are having an impact.