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Moody’s warns Maine faces recession due to inflation, job losses, and declining tourism from trade tensions.
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.
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.
Businesses in Portland and other areas report declining sales, while residents express concern over inflation and budget pressures.
Despite some optimism from gains in financial markets and retirement accounts, economic headwinds are evident.
States with strong population growth, like Texas and Florida, are outperforming.
The report does not account for the recent government shutdown.
Moody's advierte que Maine se enfrenta a la recesión debido a la inflación, la pérdida de empleos y la disminución del turismo debido a las tensiones comerciales.