New York's GDP particularly affected by pandemic, analyst says

New York is one of the states hardest hit by the coronavirus pandemic and ranks 13th on WalletHub’s list of states most exposed economically.

“A significant portion of the state’s GDP is generated by some of the highly affected industries like arts, entertainment, recreation and educational services,” said Jill Gonzalez, an analyst with WalletHub. “Plus, a large share of employment comes from these industries and others such as advertising, public relations, transportation and real estate.”