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Recession Is Reality in Some Parts of Nation

Will downturn in energy-dependent states expand to affect the rest of the U.S.?

By Steve Matthews, Bloomberg | Updated on February 22, 2016

Dale Oxley doesn’t need to hear about rising odds of a U.S. recession to dread the future. For the West Virginia homebuilder, the downturn has already arrived.

“Everyone is going to have to tighten their belts,” said Oxley, the 48-year-old owner of a Charleston-area construction company. “The next couple of years are going to be difficult.”

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