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POLL: Americans Havent Been This Pessimistic CONCERNING THE Economy BECAUSE THE Housing Crisis

Pessimism concerning the economy has already reached its highest point since 2008, in accordance with an ABC News/Ipsos poll released Sunday, having an overwhelming most Americans believing the economy gets worse.

Only 12% of Americans believe the economy is improving, ABC reported, with 69% believing the economy gets worse and 18% saying things would stay exactly the same. The figures represent Americans worst collective outlook on the economy because the middle of the 2008 housing crisis, when 82% of Americans believed the economy was getting worse. (RELATED: That Sound Youre Hearing MAY BE THE Goalpost Moving: Tucker Rips Media For Recession Flip-Flop)

No meaningful approval rating increase for Joe Biden69% of Americans still think the economy gets worse, regardless of the drop in gas prices. @RickKlein is back at the Midterm Monitor carrying out a new poll from @ABC News/Ipsos. https://t.co/ZYpRkNQEXb pic.twitter.com/agXFWWSHLU

ABC News Politics (@ABCPolitics) August 8, 2022

President Joe Biden received low marks for his handling of the economy, with 62% disapproving, and inflation, where he could be finding a 69% disapproval rating. Americans approval of Bidens handling of gas prices risen to 34% from the mark of 27% in a June poll.

The economy contracted by 0.9% in the next quarter of 2022, according to the Bureau of Economic Analysis, carrying out a 1.4% decline in the Gross Domestic Product (GDP) in the initial quarter. Two consecutive quarters of GDP shrinkage is colloquially considered this is of a recession, according to Investopedia.

Republicans were showing more enthusiasm to vote than Democrats in the upcoming midterm elections, with 75% saying these were at the very least somewhat enthusiastic in comparison to 68% of Democrats and 49% of independents, based on the ABC poll of 665 adults, which had a 4.2% margin of error.

The White House didn’t immediately react to a obtain comment from the Daily Caller News Foundation.

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