Economics
Key Election Battleground Michigan Is at Risk of a Recession, LendingTree Says
- Hawaii and Montana are also shaky, LendingTree analysis finds
- Factory jobs have been hurt by trade concerns and uncertainty
A semi crosses the Mackinaw Bridge as the sun sets over Lake Michigan in Mackinaw City.
Photographer: Karen Bleier/AFP via Getty Images
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Michigan, a key 2020 election battleground which was vital to President Donald Trump winning the White House, faces the highest risk of suffering a recession of any state in the U.S., according to analysis by LendingTree Inc.
The Charlotte, North Carolina-based firm compared the growth rate in Philadelphia Fed’s monthly economic indexes that track current conditions to determine states most at risk of a downturn. It found that Michigan was the most vulnerable with a 59% probability of experiencing weak economic fundamentals in the fourth quarter.