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The Richmond Fed’s district includes Washington, D.C.

Research & Outreach


Blog Post
August 03, 2023

How do state economies behave differently through the ups and downs of national business cycles? Do some states tend to enter recessions sooner (or later) than others? Are some states more recession-proof (or prone) than others?

Adam Scavette
Regional Economist

Regional Contacts


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R. Andrew Bauer

Vice President and Regional Executive
headshot of Adam Scavette

Adam Scavette

Regional Economist
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Jarrod Elwell

Community Development Regional Manager

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