Poll Highlights Gap Between Economic Data and Consumer Attitudes from define culture pdf Watch Video

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✓ Published: 23-May-2024

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Poll Highlights Gap , Between Economic Data and , Consumer Attitudes .<br/>CNBC reports that over half of Americans <br/>falsely believe the United States is in <br/>the middle of an economic recession.<br/>A recession is officially defined as an extended period of <br/>economic decline, usually after gross domestic product <br/>(GDP) declines for two or more consecutive quarters. .<br/>However, for the past several years, <br/>GDP has actually been increasing.<br/>Despite this, a recent Guardian/Harris poll <br/>found that 56% of respondents believe the <br/>U.S. is currently experiencing a recession. .<br/>Despite this, a recent Guardian/Harris poll <br/>found that 56% of respondents believe the <br/>U.S. is currently experiencing a recession. .<br/>At the same time, 58% of those polled believe <br/>that the Biden administration is responsible <br/>for the perceived economic downturn.<br/>In the first quarter of 2024, <br/>the GDP grew by 1.6%. .<br/>CNBC reports that the recent poll <br/>highlights the ongoing gap between <br/>economic feelings and economic data. .<br/>Consumer attitudes have been <br/>lagging amid persistent inflation and <br/>a consequently high cost of daily living. .<br/>The poll comes just six months ahead of the November <br/>presidential election which will pit President Joe Biden <br/>against former president Donald Trump.<br/>The poll comes just six months ahead of the November <br/>presidential election which will pit President Joe Biden <br/>against former president Donald Trump.<br/>The Biden administration has been trying to shift the <br/>mood of voters and recognize economic gains the U.S. <br/>has made in the wake of the COVID-19 pandemic. .<br/>The Biden administration has been trying to shift the <br/>mood of voters and recognize economic gains the U.S. <br/>has made in the wake of the COVID-19 pandemic.