Americans predict “bleak” prospects for their country in 2023, according to a survey

Most Americans are pessimistic about their country’s prospects in 2023Considering that it will be a year marked by economic difficulties and greater internal political conflict, according to the results of A vote Made by Gallup.

Thus, the population of the United States This year begins with a ‘mostly bleak outlook’ For the nation, with negative forecasts in 12 of the 13 economic, political, social and international regions that were part of the survey.

Nearly eight out of ten adult citizens think the next twelve months will be special Economic difficulties with higher taxes and a growing budget deficit.

More than six in 10 respondents believe prices will rise rapidly and the stock market will crash, “both of which happened in 2022.”

Moreover, a little more than Half of Americans expect an increase in unemployment“An economic problem from which the United States was saved in 2022.”

90% of Americans believe that 2023 will be a year of greater political strife in the country, 72% believe that the crime rate will rise, and 56% expect that it will be a year of many union strikes.

In terms of world affairs, 85% of respondents expect it to be a turbulent year “with a lot of international disagreements”. In addition, 64% of respondents believe that the influence of the United States in the world will diminishWhile 73% expect that China’s strength will increase.

Last October, risk rating agency Fitch Ratings estimated that the US economy would enter a “true recession” in the second quarter of 2023. However, the agency warned that it would be “relatively benign” by historical standards.

“The projected recession is quite similar to the recession of 1990-1991, which followed a similarly rapid tightening by the Federal Reserve (Fed) in 1989-90. However, downside risks stem from the non-financial debt/GDP correlation, which is higher Much more now than it was in the 90’s. explained Olu Sonola, President of the United States Regional Economic Entity.

In September, Fitch too trimmed US GDP forecasts. In fact, it expects the economy to grow by 1.7% in 2022 and 0.5% in 2023. However, in August, the agency announced prophesied A GDP growth of 2.9%, 1.5%, and 1.3% for 2022, 2023, and 2024, respectively.

(With info from RT in Spanish)

See also:

The US economy enters a recession after having accumulated two consecutive quarters of decline