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Most states have the financial flexibility and reserves to manage a recession
May 24h 2019 (5.51mins)
Emily Raimes, Nick Samuels
In this episode of Moody’s Talks, Nick Samuels and Emily Raimes of the US States team discuss how well prepared US states are to weather a new recession. Preparedness is stronger for 22 states and weaker for two, according to our scenario analysis, and most states will be able to manage a recession without much adverse credit impact.
Most states have the financial flexibility and reserves to manage a recession
The majority will be able to weather a moderate downturn without significant adverse credit impact. Recession preparedness is stronger for 22 states, moderate for 26 and weaker for two, according to our scenario analysis.
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