{"id":318622,"date":"2025-11-17T07:35:24","date_gmt":"2025-11-17T07:35:24","guid":{"rendered":"https:\/\/www.thetruthseeker.co.uk\/?p=318622"},"modified":"2025-11-19T08:53:34","modified_gmt":"2025-11-19T08:53:34","slug":"a-recession-is-already-here-for-23-states-laying-bare-the-cracks-in-the-us-economy","status":"publish","type":"post","link":"https:\/\/www.thetruthseeker.co.uk\/?p=318622","title":{"rendered":"A recession is ALREADY here for 23 states – laying bare the cracks in the US economy"},"content":{"rendered":"

Ben Shimkus \u2013 The Daily Mail Nov 15, 2025<\/strong><\/h1>\n

Nearly half of all US states are sliding into recession \u2014 as the national economy tries desperately to stay afloat.<\/p>\n

That\u2019s the stark warning from Mark Zandi, chief economist at Moody\u2019s Analytics, one of the world’s most-watched independent economic firms.<\/p>\n

His grim assessment comes after major corporations slashed more than 150,000 jobs last month<\/strong><\/a> \u2014 the biggest October total in more than two decades.<\/p>\n

Sticky inflation<\/strong><\/a>, dwindling home construction, layoffs at factories<\/strong><\/a>, and flat-lining wages also contributed to the bleak picture.<\/p>\n

‘This state-level picture mirrors the national trend,’ Zandi wrote in a LinkedIn post.<\/p>\n

‘The US economy is not in recession, but it is struggling to avoid one.’<\/p>\n

Zandi\u2019s team analyzed a raft of data including household employment, industrial production, retail sales and building permits to sort all 50 states into three groups: recession or at risk, treading water, and expanding.<\/p>\n

The results were bleak: 23 states are already in the red, while only 16 are firmly growing<\/p>\n

Those 23 struggling states account for 31.8 percent of the US’s overall GDP, and that trend is expanding.<\/p>\n

In September, his state-by-state analysis flagged 22 regions<\/strong><\/a>\u00a0as diving into a recession or at risk of falling into one.<\/p>\n

Michigan, which accounts for 2.4 percent of America’s economic growth, is the latest addition to the red category.<\/p>\n

This month, the remaining 12 \u2014 including California and New York, the two largest economies in the US \u2014 have plateaued.<\/p>\n

‘Whether the national economy suffers a downturn appears to rest on the big California and New York economies,’ he added.<\/p>\n

‘Neither economy is in recession, but both are struggling to gain traction.’<\/p>\n

Zandi said both states are facing pressures from tariffs and downturns in immigration.<\/p>\n

But there’s been one bright spot: economic growth has received a boost from AI, which has kept Wall Street trading near record highs and inspired major data center construction and spending projects.<\/p>\n

Still, the mood around an AI-fueled optimism has wobbled in recent days.<\/p>\n

This week, all three major indexes have taken steep losses as big-name investors sour on the technology’s risky bets.<\/p>\n

Among the skeptics is Michael Burry<\/strong><\/a>, the Big Short investor who predicted the 2008 financial crash. Last week, it emerged he has now made a huge bet that Nvidia’s share price will fall<\/strong><\/a>.<\/p>\n

Then, on Tuesday,\u00a0Masayoshi Son, one of tech’s most\u2013watched investors<\/strong><\/a>, revealed he\u00a0quietly sold off all his Nvidia shares<\/strong><\/a>\u00a0and most of his stake in T-Mobile last month.<\/p>\n

Yesterday, the fear index spiked<\/strong><\/a>\u00a0amid a major sell-off.<\/p>\n

If AI falters as an economic engine \u2014 and if California and New York can’t find their footing \u2014 the domino effect could tip the national economy into the recession it’s been teetering toward, Zandi warned.<\/p>\n

For now, Wall Street is shrugging off the recent wave of pessimism: the Nasdaq gained 0.6 percent by midday trading today, with Nvidia, the AI lynchpin, up 1.6 percent.<\/p>\n

But whether that bounce is real momentum or just another wobble remains the question keeping economists worried about America’s economic path.<\/p>\n

Source\u00a0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts warn that the future looks grim for the U.S. economically, as nearly half of U.S. states are now officially in recession<\/p>\n","protected":false},"author":39262,"featured_media":197229,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[66],"tags":[],"class_list":["post-318622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-Economics"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/318622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/users\/39262"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=318622"}],"version-history":[{"count":1,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/318622\/revisions"}],"predecessor-version":[{"id":318623,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/318622\/revisions\/318623"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/media\/197229"}],"wp:attachment":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=318622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=318622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=318622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}