Economics
These Are the States Most (and Least) Prepared for the Next Recession
- Moody’s says 23 have enough to handle rout, up from 16 in 2017
- Louisiana, North Dakota, Oklahoma perform worst in stress test
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The nine years that have passed since the end of the last recession seem to have given many U.S. states enough time to save for the next one.
Twenty-three state governments have sufficient reserves to weather the budget shortfalls that would come with a moderate economic contraction, up from 16 last year, according to a report published Monday by Moody’s Analytics. Another 10 states have most of what they’d need, according to the company.