Posted on 08/29/25
| News Source: FOX45
Baltimore, MD - Aug. 29, 2025 - Maryland is among 21 states and Washington, D.C., that are either already in or are at a “high risk” of a recession, according to a warning this week from the chief economist at the credit-rating agency that recently downgraded Maryland’s bond rating.
The U.S. economy as a whole is “on the edge of recession” as a result of such a large number of states trending downward, Moody’s Mark Zandi wrote on social media Sunday.
“Based 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,” Zandi wrote.
Moody’s is one of the top three credit-rating agencies and the only one that downgraded Maryland’s AAA bond rating this year. It said Maryland maintained a “stable” outlook but that its rating should take a hit because of economic underperformance and the higher-than-average impact from President Donald Trump’s decisions in the White House.