Seven States Now in Recession
Abstract:
The risk of an economy-wide recession in 2008 has increased, but remains well below 50%. Reed Construction Data (RCD) believes that the economy will avoid a recession — but it will be a near miss. Seven states are now in a recession: Alaska, Arkansas, Michigan, Minnesota, Missouri, Nevada and West Virginia. Only five states have experienced a significant acceleration in growth in the last few months: Alabama, Louisiana, Oklahoma, New Hampshire and Mississippi.
Comments
The risk of an economy-wide recession in 2008 has increased, but remains well below 50%. Reed Construction Data (RCD) believes that the economy will avoid a recession — but it will be a near miss. Seven states are now in a recession: Alaska, Arkansas, Michigan, Minnesota, Missouri, Nevada and West Virginia. Only five states have experienced a significant acceleration in growth in the last few months: Alabama, Louisiana, Oklahoma, New Hampshire and Mississippi.