Maryland is among 21 states and Washington, D.C., that are either already in or are at a \u201chigh risk\u201d of a recession, according to a warning this week from the chief economist at the credit-rating agency that recently downgraded Maryland\u2019s bond rating.<\/p>\n
The U.S. economy as a whole is \u201con the edge of recession\u201d as a result of such a large number of states trending downward, Moody\u2019s Mark Zandi wrote on social media Sunday.<\/p>\n
\u201cBased 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 growing,\u201d Zandi wrote.<\/p>\n
Moody\u2019s is one of the top three credit-rating agencies and the only one that downgraded Maryland\u2019s AAA bond rating this year. It said Maryland maintained a \u201cstable\u201d outlook but that its rating should take a hit because of economic underperformance and the higher-than-average impact from President Donald Trump\u2019s decisions in the White House.<\/p>\n