8 OUT OF 10 AMERICANS PREDICT A DIFFICULT ECONOMY IN 2023: GALLUP

Tue 03 January 2023:

Eight out of ten American citizens predict that 2023 would be a challenging economic year with rising taxes and a growing budget deficit, including on the economy, politics, and crime, according to a Gallup poll released on Tuesday.

About 80% of Americans anticipate heightened economic problems, including higher taxes and an increased budget deficit. More than 60% believe that inflation will continue to rise and the stock market continue to fall. Over 50% believe unemployment will increase.

Pollsters found across the board that Democrats were more optimistic about the future than Republicans, which Gallup said is a typical phenomenon based on the party of the sitting president.

Almost 70 percent of Democrats expect full or rising employment, while only 23 percent of Republicans do. More than half of Democrats expect the stock market to rise and prices to rise at a reasonable rate, but less than 20 percent of Republicans said the same.

Approximately 90% of Americans also predict a domestic political conflict, 72% foresee increased crime, and 56% many labor strikes.

Looking overseas, 85% of Americans anticipate an international conflict and 64% believe that the US global power will decline. Seventy-three percent believe China’s power in the world will increase, while 64% think that the power of Russia will decline.

The results are from a national web survey conducted from December 5-19.

SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES

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