Story perspectives
22 States, Including Washington, Face Rolling Recession Crisis
10/6/2025
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Story summary
- Mark Zandi of Moody’s Analytics says 22 states, including Washington, are already in recession.
- Economists disagree on the outlook, but the consensus remains weak.
- Washington state faces nearly $1 billion in four-year revenue shortfalls, cutting school and public-safety funding.
- Morgan Stanley’s Mike Wilson calls the economy a "rolling recession" with sector downturns.
