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The increase in inflation, the failures of the banks that have repercussions, climbing interest rates and other economic problems have dominated economic conversation in the United States in recent years. Uncertainty has even led a lot Prepare for a recession , what some experts fear could come at any time. Currently, the data shows that there has been continuous economic growth At the national level, which means that the United States has not yet participated in a formidable Tax Backslide, according to the Personal Nerdwallet finance website. But things still seem different at a more granular level, with new research noting that 16 states are already in recession. Read the rest to find out which places recently saw their savings shrink and what could happen next.

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Economic conditions generally vary from place to place. But according to The latest discoveries From the Federal Reserve Bank of Philadelphia, 16 states were deemed in recession on the basis of data From July to October , Business initiate reports. The count is an increase compared to the previous relationship between June and September, in which only nine states have seen their savings retract.

Of the more than a dozen states entering the category of recession, the Arkansas experienced the smallest contraction during the period with a decrease of 0.08%. It is followed by Alabama with a contraction of 0.21% and New York with a decrease of 0.22%.

Arizona experienced a contraction of 0.3%, while Massachusetts and Maine experienced almost identical economic decreases of 0.33 and 0.34, respectively. Meanwhile, Alaska saw its economic activity decrease by 0.37%, Oklahoma experienced a contraction of 0.41%, and Wisconsin experienced a drop of 0.44%during the months of summer.

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Other states have seen even worse recessions. New Jersey posted an economic drop of 0.59%, while Illinois experienced a drop of 0.79%.

The following worst was Iowa, which experienced an economic drop of 0.81. It is followed by Missouri and its 0.82%contraction, according to data from the Federal Reserve Bank of Philadelphia.

Some states have even seen their figures jump above the bar one percent. In Montana, the summer months experienced an economic contraction of 1.31%. Michigan posted a drop of 1.37%. But the hardest state was Virginia-Western, which data shows an economic contraction of 2.72% compared to the period in question.

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But while the data can be shocked, there were still good news in the latest discoveries. The data show that 33 states experienced economic growth during the same period, while another has remained flat overall.

Some of the most efficient states include Florida and Georgia, which have experienced economic increases of 0.65% and 0.66%, respectively. The southern Dakota posted growth of 0.7%during the same period, while Louisiana experienced 0.72%, the Pennsylvania saw a bump of 0.73%, Idaho saw the three A quarter of a hundred growth and the Connecticut economy increased by 0.77% in the summer.

Nevada, Texas and Wyoming have also experienced growth, with an increase of more than 0.8% each. But the main states that broke one percent were North Dakota with growth of 1.11%, Maryland with 1.18%and South Carolina with 1.22%, according to the latest data.

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Even if a third of all states have seen their savings shrink last year, global data can be interpreted as relatively pink at the national level, thanks to the number of growing savings. This is particularly true since seven of the 10 states with the highest GDP overall saw their savings develop last year, including California, Texas and Florida, reports Business Insider. AE0FCC31AE342FD3A1346EBB1F342FCB

According to a note published by Datatrek Research co -founders Nicholas Colas And Jessica Rabe On November 26, this growth "should be sufficient to prevent the American economy from falling into the recession this quarter," said Business Insider. They added that data trends during the rest of the year would probably be an important indicator of the national economy state before the new year.

But even if the debate on what is to come raging, the conclusions also occur in the midst of certain fears down of an imminent national contraction. Last year, Bloomberg scheduled for the chances that the United States entered a recession by October this year were 100% - which did not materialize. And others say that a slight decrease could come which can stop economic contraction .

"We are not going to see [a] recession, it is not in my perspectives," Raphael Bostic , President of the Atlanta Federal Reserve, said in an interview with CNBC on October 20. "We will see a slowdown, and inflation will become 2%."

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