🔴 Moody’s Analytics chief economist says New Jersey is now in a recession.
🔴 Business leaders say the downturn confirms what they’ve long warned.
🔴 Despite the gloom, Moody’s upgraded New Jersey’s credit rating last month
After years of recession fears, it appears New Jersey may finally be experiencing an economic slowdown.
The Garden State is in a recession, according to Moody’s Analytics Chief Economist Mark Zandi.
New Jersey and 21 other states, plus Washington, D.C., are experiencing an economic slowdown and persistent job losses, Zandi said to MarketWatch.
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It’s unclear what metrics were used to decide that New Jersey was in a recession. There wasn’t anything specific about New Jersey in his comments, which pointed to national economic policy, such as President Donald Trump’s tariffs…