THESE ARE AMERICA'S 10 WEAKEST STATE ECONOMIES MOST AT RISK IN A RECESSION
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✍️ The article discusses the economic vulnerability of 10 US states to a potential recession, highlighting their dependence on federal funds, international trade, and other factors.
👉 Oregon's economy relies heavily on international trade, making it vulnerable to trade tensions. 👉 West Virginia's economy is heavily dependent on federal jobs, making it vulnerable to federal budget cuts. 👉 North Dakota's economy is heavily dependent on oil production, making it vulnerable to fluctuations in oil prices. 👉 Illinois has a large unfunded pension liability and is heavily dependent on foreign direct investment. 👉 Rhode Island has a small percentage of international trade, making it less vulnerable to trade tensions. 👉 New Mexico has a large percentage of federal spending, making it vulnerable to federal budget cuts. 👉 Louisiana has a large percentage of federal spending, making it vulnerable to federal budget cuts. 👉 Kansas has a sluggish farm economy, making it vulnerable to fluctuations in agricultural prices. 👉 Mississippi has a large percentage of federal spending, making it vulnerable to federal budget cuts. 👉 Alaska's economy is heavily dependent on oil production, making it vulnerable to fluctuations in oil prices.
-- #TomStringer #SeanO'Leary #JBPritzker #MikeDunleavy #Oregon #WestVirginia #NorthDakota #Illinois #RhodeIsland #NewMexico #Louisiana #Kansas #Mississippi #Alaska #business
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