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

According to Mark Zandi, the chief economist at Moody's, nearly half of the U.S. states are experiencing recession-like conditions, with 22 states showing economic contraction despite the overall national GDP growth. This situation is concerning as it highlights a significant disparity in economic health across the country, suggesting that while the national economy may appear robust, many regions are struggling to keep afloat. Understanding these dynamics is crucial for policymakers and citizens alike, as it could influence future economic strategies and support measures.