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California and New York show economic strain, raising recession concerns despite strong national GDP.
California and New York, key drivers of the U.S. economy, are showing signs of strain that could signal broader national risks.
Despite strong national GDP growth, both states face challenges including weak job growth, high unemployment in California, and economic vulnerabilities in New York due to high taxes and reliance on volatile sectors.
Experts warn their performance may act as early indicators of a potential recession, with concerns over labor market fragility, immigration policy impacts, and shifting population trends.
The upcoming third-quarter GDP report will offer further insight into the economy’s trajectory.
California y Nueva York muestran tensión económica, lo que genera preocupaciones de recesión a pesar del fuerte PIB nacional.