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flag Moody’s warns Maine faces recession due to inflation, job losses, and declining tourism from trade tensions.

flag Moody’s has flagged Maine as one of 22 states facing a recession, citing rising prices, job losses, and economic strain from slowing immigration, higher tariffs, and federal workforce reductions. flag The assessment, based on data through August 2025, includes five New England states and highlights a $139 million revenue loss from a 225,000 drop in Canadian tourists due to trade tensions. flag Businesses in Portland and other areas report declining sales, while residents express concern over inflation and budget pressures. flag Despite some optimism from gains in financial markets and retirement accounts, economic headwinds are evident. flag States with strong population growth, like Texas and Florida, are outperforming. flag The report does not account for the recent government shutdown.

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