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Economic Confidence Still Deeply Negative | ||||
The American public continues to rate the U.S. economy in mostly negative terms in March, with 83% describing current economic conditions as “only fair” or “poor.” Just 16% consider them “excellent” or “good.” Furthermore, 72% think conditions are getting worse, while 23% say they are improving. | ||||
Gallup combines Americans’ rating of current economic conditions with their perception of the economy’s direction to create its Economic Confidence Index. This month’s index score is -38. Since November 2022, the index has varied narrowly between -36 and -39, reflecting great stability in the two questions over this period. The index has a theoretical range of +100 (if all respondents rate the economy as excellent or good and say it’s improving) to -100 (if all rate it as poor and say it’s getting worse). | With inflation hovering around 6%, the issue continues to be Americans’ biggest specific economic concern; 12% currently name it as the most important problem facing the country. | With their economic confidence still deeply negative and top-of-mind concerns about government, inflation and immigration relatively high, Americans’ satisfaction with the direction of the country remains scarce. Just 19% are satisfied this month, while 80% are dissatisfied. | | |
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