Armoury retweetledi

American economic confidence is rapidly declining:
The Gallup Economic Confidence Index fell -7 points in May, to -45, the lowest reading since October 2022.
Over the last 3 months, this metric has fallen -25 points.
By comparison, the 2022 trough stood at -57, and the all-time low of -72 was set in October 2008.
This comes as 76% of US adults now believe economic conditions are getting worse, the highest reading since July 2022.
At the same time, just 20% say conditions are improving, the lowest since April 2023.
Not even the 2020 pandemic saw such pessimism, when the proportion of Americans saying the economy was deteriorating peaked at 71%.
Americans have rarely felt this economically vulnerable.

English


























