Economist Mark Zandi says 22 states are already in recession based on 2 clear indicators. How to protect yourself now [View all]

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The National Bureau of Economic Research (NBER) defines a recession as a "significant decline in economic activity that is spread across the economy and that lasts more than a few months."

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In a recent MarketWatch report, Mark Zandi, chief economist at Moody’s Analytics, said 22 of America’s 50 states — as well as the District of Columbia — are already in a recession, and if certain states start experiencing their own declines in growth, it could tip the entire country into a broad economic slump (2).

And while that sounds ominous, the good news is there are steps you can take to gear up for a potential economic decline.

The 22 states in recession

The states that Zandi believes are in recession are: Connecticut, Delaware, Georgia, Illinois, Iowa, Kansas, Maine, Maryland, Massachusetts, Minnesota, Mississippi, Montana, New Hampshire, New Jersey, Oregon, Rhode Island, South Dakota, Virginia, Washington, Washington, D.C., West Virginia and Wyoming.

https://finance.yahoo.com/news/economist-mark-zandi-says-22-125900315.html

I'm in Washington state. While things don't seem so bad yet Amazon and Microsoft have announced layoffs. Don't know how much a chain reaction there will be.