Americans grow more negative about economy: Gallup
A new Gallup poll found that 47% of Americans rate the country's economic conditions as 'poor', a 10-point increase since January. The survey also showed that nearly 75% of respondents believe the U.S. economy is 'getting worse'.
Americans are growing more pessimistic about the U.S. economy, according to a Gallup poll. Nearly half of respondents, 47%, rated the economic conditions as 'poor', a 10-point increase since January. The poll also found that 75% of Americans believe the economy is 'getting worse'. Global energy costs have risen due to the conflict in Iran and the effective closure of the Strait of Hormuz. International benchmark Brent crude oil was trading at nearly $103 a barrel, and U.S. gas prices averaged over $4 a gallon. The Bureau of Labor Statistics reported the highest inflation rate increase in nearly four years, driven by increased energy costs. The White House has dismissed concerns about these costs as 'short-term' pains.
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