America's vaunted economic resurgence under US President Donald Trump appears to be fragmenting, as an alarming 23 states, according to Moody's Analytics chief economist Mark Zandi, are now in or near recession.
Drawing on state-level data, Zandi warns that what once seemed like a nationwide boom is now a patchwork of contraction and stagnation. His analysis shows that almost one-third of US gross domestic product (GDP) originates from states identified as either contracting sharply or teetering on the brink.
