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47% Of Americans Believe Country Is In Recession

US

A new survey from YouGov has found that, “Despite incremental improvements in the U.S. economic situation — including the inflation rate reaching a two-year low in June — American views of the state of the economy remain quite negative.”

  • YouGov: “Nearly half of Americans (47%) believe the U.S. is currently in recession; an additional 21% say a recession is very or somewhat likely in the next year. Republicans (66%) are more than twice as likely as Democrats (31%) to say we're currently in a recession. Another 21% of Americans think a recession within the next 12 months is very (3%) or somewhat (18%) likely.”
  • The survey is the latest in a stream of surveys which suggest that Biden administration claims that the US economy is proving resilient and inflation is easing are failing to filter through to voters.
  • The White House will be concerned that a recent "Bidenomics" drive to argue merits of the Biden administration's domestic economic agenda isn't resonating with voters.

Figure 1: About Half of Americans say the U.S. Economy is in Recession

Source: YouGov

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