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GOBankingRates’ editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services – our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines<\/a> and our products and services review methodology<\/a>.<\/p>\n 20 Years<\/strong> Trusted by<\/strong> Although the U.S. as a whole isn\u2019t officially in a recession, 22 states are currently in a recession<\/a> \u2014 or are dangerously close.<\/p>\n \u201cState-level data makes it clear why the U.S. economy is on the edge of recession,\u201d said Mark Zandi, chief economist at Moody\u2019s Analytics, in a post on X (formerly Twitter)<\/a>. \u201cBased on my assessment of various data, states making up nearly a third of U.S. GDP [gross domestic product] are either in or at high risk of recession<\/a> [and] another third are just holding steady.\u201d<\/p>\n<\/p>\n Recession Is an Interconnected Hazard<\/p>\n Zandi\u2019s analysis shows that recession risk<\/a> isn\u2019t confined to one region \u2014 it\u2019s spread across the country. Some areas are already seeing signs of contraction<\/a>, while others are slowing down after periods of growth.<\/p>\n \u201cThe broader D.C. area stands out due to government job cuts,\u201d Zandi said. \u201cSouthern states are generally the strongest, but their growth is slowing. California and New York<\/a>, which together account for over a fifth of U.S. GDP, are holding their own, and their stability is crucial for the national economy to avoid a downturn.\u201d<\/p>\n Here\u2019s a look at the states that are in or at high risk of recession.<\/p>\n Read Next: 2 Times It Doesn\u2019t Make Sense To Pay Off Your Mortgage Early<\/a><\/strong><\/p>\n States Most at Risk of Recession, Ranked by Economic Strength<\/p>\n These 22 states are either in a recession or at high risk, according to Zandi. They\u2019re ranked from strongest to weakest economies \u2014 but all are facing significant economic pressure<\/a>:<\/p>\n![\"\"](\"https:\/\/cdn.gobankingrates.com\/wp-content\/uploads\/2023\/11\/icon-20.svg?webp=1&quality=75\"){kind=icon}
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