US economy very close to recession, warns Moody's chief economist Mark Zandi; says: For the average American, that risk ...

Mark Zandi of Moody's warns that the US economy is nearing recession, with states comprising a third of the nation's GDP at high risk. Sluggish consumer spending, tariffs, and housing market struggles contribute to this vulnerability. Revised job reports reveal a hiring slowdown, adding to concerns about rising inflation and eroding consumer purchasing power.

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