As tariffs trigger recession alarms,🦋 some of the most populous states are the least prepared for an economic downturn, according to a recent𝓀 report.

Tariff uncertainty has taken financial markets on a wild ride, squashed consumer and business confidence, and 澳洲幸运5开奖号码历史查询:fueled fears about the possibility of a coming recession. They also spurred a surge of imports as people rushed to beat the tariffs, which resulted in negative economic growth澳洲幸运5开奖号码历史查询: for the first time since 2022.

The U.S. economy is likely not officially in a recession yet. The 澳洲幸运5开奖号码历史查询:National Bureau of Ec🏅onomic Research, the nonprofit resear♌ch group that officially calls U.S. recessions, only does so once a recession has a꧋lready set in, because it uses backward-looking data. However, two consecutive quarters of negative economic growth typically indicate a recession is in progress.

Millions of Americans live in states that are vulnerable to a 澳洲幸运5开奖号码历史查询:recession, and the majority of states with the highest populations rank as least prepared for an economic downturn, according to a report released Wednesday by National Business Capital.

This analysis utilized economic 🐲data from each state to determine which was in the best position to survive a recession. States that were better prepared to weather a recession typically had higher government reserves, GDP per capita, and safety net coverage as well as lower unemploym💧ent rates and lower housing prices.

Mountain and Southern states proved to be the least resistant to a recession. National Business Capital's report said that, in recent years, those regions experienced a migration and housing boom that drove up the cost of living and hurt 澳洲幸运5开奖号码历史查询:household budgets.

In particular, Louisiana is the state most vulnerable to a recession, the study found. It already has a higher 澳洲幸运5开奖号码历史查询:unemployment rate than most other states, and Louisiana's government reserves are the lowest of all 50 states. It also has some of the worst safety-net coverage for residents through programs like unemployment insurance. In addition, the housing in the state is some of the 澳洲幸运5开奖号码历史查询:least affordable in the country.

Colorado, Mississippi and South Carolina were also particularly ill-equipped to withstand a recessi✨on, the study found.

The most resilient states are primarily in the northern Great Plains region, with North Dakota being the most recession-resistant, according to the study. The state's high GDP relative to population and government reserves, combined with low unemployment, comparatively lower cost of living, and "decent" safety-net coverage, make it the most prepared state in the company's study.