Economist Warns of Imminent Recession as 19 States Show Rising Unemployment A recession appears imminent, with 19 states already showing signs of economic distress, warns economist Nancy Lazar. These states, which contribute 40% of the US GDP, have seen a 0.5 percentage point rise in unemployment over three months, historically a precursor to nationwide recessions. Lazar points to the delayed effects of Federal Reserve rate hikes and tightened credit as key factors, noting that such conditions typically lead to a hard economic landing. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gundlach Skeptical of 'Goldilocks' Economy, Foresees Recession READ MORE Bitcoin Slumps to Four-Month Low Amid Selling Pressure Concerns READ MORE Gold Consolidates as Markets Await Clues on Fed's Next Move READ MORE India Grants RBI Levy-Free Gold Imports READ MORE Oil Dips as Tensions Rise: Market Braces for Iran's Next Move Against Israel READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment