A majority of Americans believe that the U.S. is currently in a recession, blaming the Biden administration for harsh economic conditions, according to research firm The Harris Poll.
Around 56% of people surveyed thought that the U.S. economy was in recession, and 55% thought that the economy was shrinking, according to a poll conducted for The Guardian. U.S. gross domestic product rose just 1.6% in the first quarter of 2024, down substantially from the 3.4% and 4.9% growth rates seen in the fourth and third quarters of 2023, respectively.
“What Americans are saying in this data is: ‘Economists may say things are getting better, but we’re not feeling it where I live,’” John Gerzema, CEO of the Harris Poll, told The Guardian. “Unwinding four years of uncertainty takes time. Leaders have to understand this and bring the public along.”
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