From beer to semiconductors, war will hit US state economies | Top Story

From beer to cars, war will hit US state economies

(TNS) – An extended conflict between Russia and Ukraine would hit the U.S. economy broadly, with all 50 states affected by the fallout, according to an analysis by Moody’s Analytics.

While the U.S. has limited trade ties with Russia and Ukraine, businesses from beer breweries in Missouri to semiconductor plants in California would see an impact, as prolonged combat and even harsher sanctions constrict supplies and drive up global prices for oil and other critical materials.

“The odds are much better than even that we actually do experience a recession in that scenario,” chief economist Mark Zandi said.

Some states would fare better than others, according to the analysis of effects of a military conflict that extends into next year.

Energy producers such as North Dakota…

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