The post Here are American states already in a recession, according to expert appeared on BitcoinEthereumNews.com. Moody’s Analytics chief economist Mark Zandi has warned that nearly a third of the U.S. economy is already in recession or at high risk of sliding into one. His view is based on state-level business cycle ratings that categorize economies as expanding, treading water, or in recession/high risk, with each state’s weight determined by its share of national GDP. According to Zandi’s data, shared in an August 24 post on X, 23 states, alongside Washington DC fall into the recession or high-risk category, together making up almost one-third of national output. A breakdown shows that Illinois, which contributes about 3.9% of GDP, and Massachusetts, at 2.7%, are already contracting. Smaller states are also struggling, including Wyoming, which represents 0.2% of GDP, and Mississippi, at just over 0.5%. The broader Washington, D.C., region, accounting for 0.6% of output, stands out due to job cuts in government. State-level data makes it clear why the U.S. economy is on the edge of recession. Based on my assessment of various data, states making up nearly a third of U.S. GDP are either in or at high risk of recession, another third are just holding steady, and the remaining third are… pic.twitter.com/DXPzn7GOrb — Mark Zandi (@Markzandi) August 24, 2025 States holding U.S. economy  Another third of the economy is essentially stagnant, with growth stalled. Under this category, California and New York fall into this tier, together representing more than 22% of GDP. Their relative stability has been critical in preventing the national economy from tipping into a deeper downturn. Other states in this group include Michigan, at 2.4% of GDP, Ohio at 3.1%, and Nevada at 0.9%. The final third of the country is still expanding, led by the South and West. Texas, which makes up 9.4% of GDP, and Florida, at 5.8%, are among… The post Here are American states already in a recession, according to expert appeared on BitcoinEthereumNews.com. Moody’s Analytics chief economist Mark Zandi has warned that nearly a third of the U.S. economy is already in recession or at high risk of sliding into one. His view is based on state-level business cycle ratings that categorize economies as expanding, treading water, or in recession/high risk, with each state’s weight determined by its share of national GDP. According to Zandi’s data, shared in an August 24 post on X, 23 states, alongside Washington DC fall into the recession or high-risk category, together making up almost one-third of national output. A breakdown shows that Illinois, which contributes about 3.9% of GDP, and Massachusetts, at 2.7%, are already contracting. Smaller states are also struggling, including Wyoming, which represents 0.2% of GDP, and Mississippi, at just over 0.5%. The broader Washington, D.C., region, accounting for 0.6% of output, stands out due to job cuts in government. State-level data makes it clear why the U.S. economy is on the edge of recession. Based on my assessment of various data, states making up nearly a third of U.S. GDP are either in or at high risk of recession, another third are just holding steady, and the remaining third are… pic.twitter.com/DXPzn7GOrb — Mark Zandi (@Markzandi) August 24, 2025 States holding U.S. economy  Another third of the economy is essentially stagnant, with growth stalled. Under this category, California and New York fall into this tier, together representing more than 22% of GDP. Their relative stability has been critical in preventing the national economy from tipping into a deeper downturn. Other states in this group include Michigan, at 2.4% of GDP, Ohio at 3.1%, and Nevada at 0.9%. The final third of the country is still expanding, led by the South and West. Texas, which makes up 9.4% of GDP, and Florida, at 5.8%, are among…