Three quarters of individuals in a recent poll believe that the nation will likely face an economic recession during the next 12 months, The Hill reported, citing a Hill-HarrisX survey which found that 33% view a recession as “very likely,” while 42% think that a recession is “somewhat likely.”
The view that a recession is likely on the horizon is held by a strong majority of Republicans, Democrats, and independents, according to the outlet, which reported that the poll involved registered voters and was conducted online Nov. 18-19.
“The survey also found that 81 percent of registered Republican voters said that the U.S. economy will likely enter a recession, with 19 percent saying a recession won’t happen,” the outlet noted. “Seventy percent of registered Democratic voters agreed that a recession would likely happen in the next 12-month timeframe, with 74 percent of Independent voters agreeing as well, according to the poll.”
The poll results indicate that many registered voters have a gloomy outlook on the future of the nation’s economy, a sentiment which, if it persists, could spell disaster for Democrats during the 2022 midterm elections.
While Democrats currently control the White House and both chambers of Congress, Republicans hope to win control of the House and Senate during the midterms.
President Biden has been underwater in various job approval polls, and Americans have been facing soaring fuel prices, supply chain woes, and rising inflation.
Earlier this month the U.S. Bureau of Labor Statistics reported significant increases in the consumer price index.
“The all items index rose 6.2 percent for the 12 months ending October, the largest 12-month increase since the period ending November 1990,” BLS noted.