Nine states economies are sliding into contraction expected within six months – since the financial crisis ended more than a decade ago, according to the latest forecasts of the Federal Reserve Bank of Philadelphia. West Virginia’s economy is expected to reduce more, while a decline in neighboring Pennsylvania should be the most severe since May 2009, the Great Recession, figures show this week at the tail released. A stalled economic outlook in the coming months would likely cast a shadow over President Donald Trump launch re-election bid. Delaware, Montana and Oklahoma still face shrinking economies in the next six months is expected, as provided for in the analyzes for the previous month. But the list of countries has been expanded to include the horizon contractions for Vermont, New Jersey, Connecticut and Kentucky. The Bank is not expected negative growth in Alaska. The forecast is based on the number of states in danger of slipping into contraction since July 2009, the highest, the data show. The general outlook for the economy, which enjoys the longest expansion on record, were-trade agreement helped marking the administration Trump with a pact with China will be signed as a result of this month, the lowest interest rates, a market tight labor and a rally in stocks. A chance of recession Bloomberg Economics American model estimates the probability of one to determine within the next year in about one in three – although this is from last year down. At the Trump campaign events he has cited his handling of the economy as a reason why they should be re-elected in November. However, Democratic candidates, including Elizabeth Warren and Bernie Sanders opposed to debates economic advantages in the Trump went primarily to the wealthy and businesses. The Iowa and New Hampshire primary earlier been expected to increase marginally over the next few months to see after the Bank published the leading monthly on the basis of six months, the indexes for the 50 states. The index is expected that the growth rate on the six-month state data including housing allows initial jobless claims, the delivery time at the Institute for the Analysis of Supply Management manufacturing and the difference in interest rates between government bonds and 10-year Treasury bonds at 3 months. Local numbers are more volatile than the national data, and single events such as hurricanes, plant closures or temporary fluctuations in demand for a particular product can very big impact on national economies have. Picture copyright by Getty Images
Economies of nine countries in 2020 will shrink Fed bank says
