Economic Pessimism Growing

 

 

Economic Pessimism Growing in U.S. Economic Confidence Index drops to -45 from -39. It is the lowest reading in Gallup's trend during the coronavirus pandemic, and likely the lowest confidence has been since the tail end of the Great Recession in early 2009. Gallup's Economic Confidence Index is a summary measure of Americans' perceptions of current economic conditions and their outlook for the economy. It has a theoretical range of +100 (if all respondents say the economy is excellent or good and that it is getting better) to -100 (if all say it is poor and getting worse). Americans Less Positive About Current Conditions. Currently, 14% of U.S. adults rate economic conditions as either "excellent" or "good," while 46% say they are "poor," with another 39% rating them as "only fair."  Inflation essentially ties the government as the top overall problem, with 19% naming the government.