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State Economies

All articles tagged with #state economies

economy4 months ago•6 min saved

Major U.S. States Face Recession Risks, Moody's Warns

The economic struggles of California and New York, two of the largest US states, could potentially lead to a nationwide recession if they worsen, as their economies are crucial to the overall US economic health. California faces a slowdown and job losses, while New York's economy is currently strong but vulnerable due to reliance on finance and real estate sectors, and potential outmigration. Experts warn that the economic trajectories of these states are key indicators for the broader US economy.

via Morningstar|

#california #economy #new-york

business7 months ago•11 min saved

America's Top 10 Resilient State Economies Ready for Recession

Amidst potential recession risks, the top U.S. states for economic resilience in 2025 include Florida, Texas, North Carolina, Delaware, and Washington, with strengths in job growth, fiscal health, and international trade, though vulnerabilities such as dependence on federal funds and trade tariffs vary among them.

via CNBC|

#business #federal-dependence #international-trade

economy7 months ago•12 min saved

Washington and Idaho Among Top 10 Strongest State Economies in the U.S.

A CNBC analysis ranks Alaska, Mississippi, Kansas, New Mexico, Louisiana, Rhode Island, Illinois, North Dakota, West Virginia, and Oregon as the ten most vulnerable U.S. states to economic downturns, primarily due to heavy reliance on federal funds, international trade exposure, and specific industry dependencies, with Alaska and Mississippi at the highest risk due to their dependence on oil and federal spending respectively.

via CNBC|

#economic-vulnerability #economy #federal-dependence

economy2 years ago•3 min saved

US Debt Ceiling Standoff Threatens States' Economies and Healthcare Systems

Moody's Analytics chief economist Mark Zandi said that most state economies will be hit hard if there is a debt limit breach, although the economic pain varies. Washington, D.C., where 1 in 4 jobs are tied to the federal government, would be hardest hit, becoming the "poster child" for a financial disaster. States with large federal facilities, such as national laboratories or military bases, would be next in line. Even a short debt ceiling breach, in which the government defaults for less than a week before lawmakers raise the government's borrowing limit, would likely push the economy into a recession, according to Moody's.

via CBS News|

#debt-ceiling #economic-fallout #economy