About 10% of Americans believe the US is in a recession, but a third disagree. A new poll from The Economist/YouGov, set to be released on Tuesday, sheds light on these views.
The survey indicates that 40% of US adults feel the nation is experiencing a recession, while 35% do not share that belief. Interestingly, a quarter of those surveyed were uncertain about the matter.
This 40% figure marks an increase from 30% who thought the same back in early February, although it remains lower than the 50% who expressed similar concerns during the latter part of 2022 and early 2023.
Breaking it down by party affiliation, over half of Democrats, specifically 56%, think the country is facing a recession. In contrast, 26% of Republicans agree with that sentiment. It’s notable that before Trump’s inauguration in January, 51% of GOP voters and 27% of Democrats were in agreement regarding the recession.
Inflation continues to top the list of concerns for many Americans, with 81% labeling it as a significant issue. Approximately 47% anticipate a rise in inflation in the coming six months, while around 22% think it will decrease.
When it comes to fuel prices, roughly 44% of respondents are expecting an increase, whereas 23% believe prices will drop. A striking 96% of those surveyed report feeling the effects of inflation in their daily lives.
Additionally, a Gallup poll from last week revealed that 46% of adults hold President Trump accountable for the current economic situation, while 27% believe he has solidified the legacy of former President Biden.
The Economist/YouGov poll showed Trump’s approval rating at 42%, with 52% disapproving of his performance as President.
This survey was conducted between May 2-5 among 1,850 US adults, with a margin of error of about 3.5 percentage points.
