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(POLL) Economic confidence continues to rise in January

The following is from Rasmussen Reports.

Economic confidence increased to 102.2 in this month’s Rasmussen Reports Economic Index, more than four points higher than December. This is the fourth consecutive monthly increase in the index.

Enthusiasm about the economy surged under former President Donald Trump, reaching as high as 147.8 in January 2020 before tumbling after the coronavirus lockdown threw Americans out of work and closed many businesses.

By November 2020, it had recovered to 126.4, but dropped sharply after President Joe Biden was elected.

The index fell to 97.8 in February 2021 before beginning a three-month rebound that took the index to 123.7 in May 2021, but reached a low of 78.6 in July 2022.

Thirty-two percent (32%) of American adults rate the economy as excellent or good this month, unchanged from last month. The number who rate the economy as poor was 43%, also unchanged from December.

Twenty-eight percent (28%) now think the economy is getting better, up three points from last month. Fifty percent (50%) expect a worsening economy, down five points from December.

Nineteen percent (19%) now see things staying about the same, up four points from last month.

Forty-eight percent (48%) of Democrats view the economy as good or excellent, compared to 21% of Republicans and 27% of those not affiliated with either major party.

GOP confidence has declined more than 50 points since November 2020, when 74% of Republicans had a positive view of the economy, while Democrats’ confidence is now 16 points higher than it was before Biden’s election, when 32% of Democrats rated the economy good or excellent.

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