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Opinion Polling Sees Households Downbeat On Economy In Coming Months

US

The latest opinion polling from outlet YouGov shows respondents relatively downbeat on the state of the US economy over the next six months, anticipating that inflation will rise, there will be further interest rate hikes, and gas prices will increase. Should the public's feeling remain largely downbeat on the outlook for the economy for a sustained period of time, it will almost certainly begin to feed into the political narrative as potential GOP presidential, Senate and House candidates begin to launch/ramp-up their campaigns ahead of 2024.

  • Economist/YouGov (2/25-28) findings on Americans' economic outlook (Full tables: https://docs.cdn.yougov.com/ctq2ajcu3n/econTabRepo...). Six months from now do you think there will be....?
    • A higher rate of inflation: 44%, The same rate of inflation: 26%, A lower rate of inflation: 17%
    • Higher gas prices: 50%, The same gas prices: 25%, Lower gas prices: 11%
    • Fewer jobs: 27%, The same amount of jobs: 43%, More jobs: 16%
    • Higher interest rates: 56%, The same interest rates: 22%, Lower interest rates: 5%
  • The polling also takes into account respondents views on various foreign policy issues. With regards to the US' allies vs enemies, there remains a stark partisan divide. Those who backed President Joe Biden in 2020 are more likely to view Ukraine as an 'ally' compared to supporters of Donald Trump (53% to 19%). Meanwhile, Trump voters viewed China as an 'enemy' by a much wider margin compared to those opting for Biden (28% to 63%).
Chart 1. Do you consider the following place to be an ally or an enemy of the United States?, %

Source: YouGov, February 25 - 28, 2023 - 1500 U.S. Adult Citizens

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