Oklahoma Ranks 4th in U.S. for Economic Growth Amid Recession Concerns

Expert Warns of Widespread Recession Risks

The chief economist for Moody’s Analytics, Mark Zandi, has issued a warning that much of the United States could be sliding into recession. According to Zandi, 23 states and the District of Columbia are either already experiencing contraction or face a high risk of falling into recession in the coming months.

Oklahoma Stands Out for Growth

In contrast, Oklahoma ranks 4th highest in the nation for economic expansion, putting it among 16 states whose economies are still growing. The ranking reflects stronger job growth, stable consumer spending, and steady energy production compared to much of the country.

What’s Driving Oklahoma’s Strength?

• Energy Sector: Oil and gas production continues to anchor the economy.

• Manufacturing & Aerospace: Steady investment in aerospace and defense sectors.

• Agriculture: Rising commodity exports have provided some stability.

What It Means for Oklahomans

While a national slowdown could eventually impact jobs and consumer confidence, experts say Oklahoma’s position offers a cushion. Still, Zandi emphasized vigilance:

“Even strong state economies are not immune if a nationwide recession takes hold.”