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.
