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Moody’s Analyst Warns of Fragile US Economy Amid Recession Risks
Moody’s Analyst Warns of Fragile US Economy Amid Recession Risks
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BTCCSquare news:
Mark Zandi, Chief Economist at Moody’s Analytics, paints a precarious picture of the US economy, likening it to a three-legged stool on the verge of collapse. With one-third of the economy already in recession, 22 states are at high risk, while another 13 teeter on the edge. Southern states show resilience, but growth is slowing.
Trade wars and escalating tariffs threaten to exacerbate economic headwinds. A critical factor is the departure of 1.2 million immigrant workers—20% of the workforce—with outsized roles in farming (45%), construction (30%), and services (24%). Deportations and fear of enforcement actions are driving this exodus.
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