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Notably, recession odds have tumbled since early November 2024. Kalshi betting markets showed a sharp drop from over 50% to just 23% following Donald Trump ‘s election victory.
The NBER officially calls U.S. recessions, and data from Bank of America shows why this group won't be in a rush to declare the U.S. economy in recession.
Typically, a recession is defined by a decline in economic activity that lasts more than a few months, the NBER says. But the U.S. economy is still chugging along, with second-quarter GDP growing ...
For example, the NBER didn't declare the recent pandemic-related recession in March 2020 an official recession until July 2021. The contrarian: Michael Burry of "The Big Short" fame in 2015.
Texas counties by GDP in 2021 (chained 2012 US$) The economy of the State of Texas is the second largest by GDP in the United States after that of California. It has a gross state product of $2.694 trillion as of 2023. [7] In 2022, Texas led the nation with the most companies in the Fortune 500 with 53 in total. [8]
The updated comptroller’s report raises the amount of revenue available to the state over the 2024-25 cycle to $194.6 billion.
In February 2021, the state of Texas suffered a major power crisis, which came about during three severe winter storms sweeping across the United States on February 10–11, [6] 13–17 (known as Winter Storm Uri), [7] and 15–20.
In Season 4 of The Handmaid's Tale television series, the Republic of Texas is mentioned as a potential refuge for a group of escaped Handmaids. In Russian Amerika by Stony Compton, the Republic of Texas is mentioned as being one of many rump states that comprised the former United States and Canada in an alternate reality where a Civil War ...