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Americans believe the economy is in recession

Americans believe the economy is in recession

More than half of Americans believe that the largest economy in the world is experiencing a recession, despite its growth over the past few years, according to the results of a recent public opinion poll.

Americans do not feel economic success, only rising inflation and the cost of living / Photo: AFP

According to a joint poll conducted by The Guardian and Harris, 56% of participants believe so There and

58% believe that President Joe Biden is responsible for the economic downturn.

A recession occurs when the GDP shrinks in at least two consecutive quarters, which is not true in the case of the United States – the survey report said. CNBC.

GDP grew by 1.6 percent in the first quarter. Granted, this is slower than the 3.3% recorded in the last three months of 2023, but it is far from stagnant. On the contrary, the growth rate of the American economy exceeds that of other advanced industrial countries.

America has the best economy in the world

Biden bragged to NBC in April.

However, this poll once again confirms the gap between economic data and people's feelings, and this is bad news for Biden six months before the presidential elections.

His campaign is trying to sell Biden's economic successes to voters, but the latter only feel stubbornly high inflation rates and the cost of living.

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