Majority of States Now in Recession

What started out as a housing problem in a few states has now exploded into a full-fledged recession with a majority of states now in or dangerously close to recession.

US State Recession map

What started as a recession in just a few states has now spread to 27 with another 14 states near recession, according to Mark Zandi, chief economist and co-founder of Moody’s Economy.com.

(ABC News Photo Illustration)
More Photos

Just this weekend, President Bush’s top economic advisor used the much-avoided word “recession” to describe the economies in some states.

“We are seeing what I think anyone would characterize as a recession in certain parts of the country,” Edward P. Lazear, chairman of the Council of Economic Advisers, said on CNN’s “Late Edition.”

How Is the Economy Treating You? Tell ABC News

Back in March, Mark Zandi, chief economist and co-founder of Moody’s Economy.com, said that only five states were in recession: Arizona, California, Florida, Michigan and Nevada.

Read more

2 thoughts on “Majority of States Now in Recession

  1. Pingback: Conspirama

  2. Pingback: Wakahuia » Majority of States Now in Recession

Leave a Reply