Economic Pessimism Persists, With Inflation Still Key Concern

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. These consumer views of the nation’s economy round out a highly stable first quarter, with the March results closely matching what Gallup found in January and February. …

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. That’s below the recent peak of 20% citing it as the most important problem in October 2022, when the inflation rate was nearly 8%, but still among the highest percentages naming the issue in recent decades. CONTINUED

Lydia Saad, Gallup


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