Tennessee among best states to survive a recession in 2020 per report
NASHVILLE, Tenn.--With some economic indicators recently pointing towards a potential recession (remember the inverted yield curve), analysis by one company finds Tennessee would be among the best states to survive a recession should one hit.
FitSmallBusiness.com is comprised of an editorial team of business experts with experience in finance, law, educators, and small business owners. The company examined indicators such as surplus funds available, economic strength & diversity, debt-to-income ratio, export data, and performance during the 2008 recession to rank states for their "Best States to Survive a Recession in 2020" rankings.
Tennessee ranked 10th in the nation behind a low debt-to-income ratio of 1.285 and economic diversity. The report also finds the state's exports per capita ($4,832) was above the national average as was the export total of $32.7 billion. Along with a low unemployment rate, the report notes Tennessee has "the foundation of relative economic stability."
Texas led all states as the best to survive a recess in 2020, followed by West Virginia, Nebraska, Indiana, Alabama, North Dakota, Michigan, Iowa, Georgia, and Tennessee rounding out the top ten.
Montana was ranked as the worst state to survive a recession, preceded by Hawaii as the second-worst, then Arizona, New Mexico, New Jersey, Nevada, New York , Florida, Rhode Island, and Maryland.
