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RESEARCH & DATA

Sixty-five percent of Americans now believe we’re in a recession, according to a new Morning Consult poll. Interestingly, this is higher than Americans felt even in 2020, when the country was deep in the throes of a COVID-related recession. And, as with most things today, the results are highly politically polarized, with 78% of Republicans reporting we’re in a recession, compared to 53% of Democrats and 65% of independents.

Recession

Economic indicators are currently mixed in the United States — historically low unemployment rates but also high inflation and a too-strong dollar paint a complex picture of this moment. However, what happens next is largely up to consumers, according to Morning Consult:

Some regulators and economists have expressed concerns that recession perceptions may foster the necessary conditions to evoke a slowdown. Robert Shiller last week put the odds of a recession at 50%, but the famed Nobel laureate economist also said he believes it may become a “self-fulfilling prophecy.” Commerce Secretary Gina Raimondo recently touted the strength of the U.S. economy but warned that the public should not “be talking ourselves into a recession.”

Be aware of this odd combination of economic conditions and consumer sentiment and be ready to pivot to a recession footing — but not too soon.

MEDIA RELATIONS

DE&I & PURPOSE

SOCIAL MEDIA

STRATEGY & TOOLS

CAREER AND THE WORKPLACE

ON THE HORIZON

  • September 1 – VJ Day
  • September 5 – Labor Day
  • September 25 – Rosh Hashanah begins at sundown

CALENDAR OF EVENTS

CONTACT US

Allison Carter, executive editor, AllisonC@ragan.com

Justin Levine, Manager of Councils, justinl@ragan.com

EXCLUSIVE FOR PRLN MEMBERS

Did you know articles exclusive to PRLN members are posted every Thursday?  Find the latest postings here

RESEARCH & DATA

Sixty-five percent of Americans now believe we’re in a recession, according to a new Morning Consult poll. Interestingly, this is higher than Americans felt even in 2020, when the country was deep in the throes of a COVID-related recession. And, as with most things today, the results are highly politically polarized, with 78% of Republicans reporting we’re in a recession, compared to 53% of Democrats and 65% of independents.

Recession

Economic indicators are currently mixed in the United States — historically low unemployment rates but also high inflation and a too-strong dollar paint a complex picture of this moment. However, what happens next is largely up to consumers, according to Morning Consult:

Some regulators and economists have expressed concerns that recession perceptions may foster the necessary conditions to evoke a slowdown. Robert Shiller last week put the odds of a recession at 50%, but the famed Nobel laureate economist also said he believes it may become a “self-fulfilling prophecy.” Commerce Secretary Gina Raimondo recently touted the strength of the U.S. economy but warned that the public should not “be talking ourselves into a recession.”

Be aware of this odd combination of economic conditions and consumer sentiment and be ready to pivot to a recession footing — but not too soon.

MEDIA RELATIONS

DE&I & PURPOSE

SOCIAL MEDIA

STRATEGY & TOOLS

CAREER AND THE WORKPLACE

ON THE HORIZON

  • September 1 – VJ Day
  • September 5 – Labor Day
  • September 25 – Rosh Hashanah begins at sundown

CALENDAR OF EVENTS

CONTACT US

Allison Carter, executive editor, AllisonC@ragan.com

Justin Levine, Manager of Councils, justinl@ragan.com

COMMENT

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