Share of Americans saying economy is in recovery ticks up to 33 percent in new survey

One third of Americans now believe the economy is recovering, according to one survey. USA Today poll released ThursdayPresident Biden is aiming to reduce economic uncertainty ahead of the November election.

The poll found that just under a quarter (22%) of respondents said the economy was stagnant, a similar proportion said it was in recession, and a further 18% said it was in recession. did.

Pollsters noted that the 33% figure in Thursday’s poll was up 5 points from December’s figure, with public opinion on the economy consistently rising from a low of 9% in July 2022. He added that he is doing so.

Biden’s campaign claims the economy is in much better shape than many Americans think, with inflation near multi-year lows, unemployment remaining low and the stock market strong. I’ve been doing it.

“I think the public is starting to catch up to the reality that the economy is actually doing very well,” Craig Ritchie, a Los Angeles-based composer and college music teacher who responded to the poll, told USA Today. .

But the economy remains the most important issue for many Americans, and polls show former President Trump with a slight lead over Biden in November’s election.

Mr. Trump leads Mr. Biden 40% to 38%, but a majority of respondents (75%) who prefer a third-party candidate say they are likely to lean one way or the other. In total, a quarter of all respondents said they were likely to change their minds by November, including 14% of Biden voters and 15% of Trump voters.

The annual inflation rate is 3.2% in Februaryis up slightly from the previous month, still above the Federal Reserve’s target of 2%, but significantly lower than the June 2022 peak of 9.1%.

Poll respondents also responded positively to Biden’s State of the Union address last week, with one-third of Americans who watched the speech saying their opinion of the president had improved. About 28% said it lowered their opinion.

Also, about 44% of respondents said they plan to abide by President Trump’s upcoming hush money trial in New York, but only 9 Republicans said they might change their minds after a conviction. %, only 1% said they would vote for Biden.

The poll was conducted over four days last weekend among 1,000 registered voters, and had a margin of error of 3.1 percentage points.