States' exposure to Europe

December 2011
ABA Banking Journal;Dec2011, Vol. 103 Issue 12, p8
The article discusses the impact of a European recession on the economy of the U.S. Some states that export goods to Europe are predicted to be severely affected. These include Utah, South Carolina and West Virginia which export gold and silver, automobiles and coal, respectively. A European recession is also expected to reduce demand for key services such as tourism, finance and entertainment.


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