Here are all the reasons the economy is limping into Memorial Day weekend

Economic Outlook

A close look at regional economies indicates that industries, including tourism and shipping, are plagued by uncertainty

Last Updated: May 24, 2025 at 9:31 a.m. ET
First Published: May 23, 2025 at 7:00 a.m. ET

The U.S. economy isn’t technically in a recession, but a close look at how regional economies are faring indicates that as we head into Memorial Day weekend, the nation may be headed toward a downturn. 

The Federal Reserve found in its latest survey on the nation’s economy that growth in four of the bank’s 12 districts were contracting in April and three others had flat growth. Only five reported growth, and it was slow.