Pursuits

The U.S. States Where Recession Is Already a Reality

  • Energy-state slumps put economists on alert for wider decline
  • In West Virginia, everyone needs to `tighten their belts'

Morning Meeting: U.S. Risk of Recession Outlook

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Dale Oxley doesn’t need to hear about rising odds of a U.S. recession to dread the future. For the West Virginia homebuilder, the downturn has already arrived.

“Everyone is going to have to tighten their belts,” said Oxley, the 48-year-old owner of a Charleston-area construction company. “The next couple of years are going to be difficult.”