Trump's Economic Approval Hits Record Low in New Poll
Survey reveals record voter pessimism ahead of US midterm elections
Macroeconomics Editor: Fabricio Marcilio 1 min read
President Donald Trump's approval rating for his handling of the economy has reached its lowest point since the beginning of his term. Data from a national survey reveals that eight out of ten Americans consider the country's economic situation to be fair or poor.
The survey shows that 63% of the population holds a pessimistic view regarding the current landscape and future prospects. This level of dissatisfaction grew by one percentage point compared to the measurement taken in July. Pessimism has even reached the Republican base, with 35% of the party's voters expressing dissatisfaction.
Experts note that the shift in stance among Republicans has broken a pattern of optimism maintained throughout the years of his administration. The poll surveyed 1,000 registered voters nationwide with a margin of error of 3.1 percentage points. The result shows a seven-point lead for Democrats in the preference for control of Congress.
Democratic voter interest in the November election exceeds that of Republicans by ten percentage points. Issues such as the cost of food and fuel appear among the top concerns of those interviewed. The scenario reflects difficulties for Republican candidates in tight Senate races across eight key states.
Political instability and public discontent with the economy may increase volatility in global financial markets. The perception of uncertainty regarding American governability tends to impact capital flow toward risk assets and the value of the dollar against major currencies.
Spotted an error? Write to suporte@criptoico.com.br.
More in Macroeconomics
-
Treasury Holdings Hit Two-Year High
Dealer funding capacity is under scrutiny ahead of October 30 maturities.
Macroeconomics
-
US Inflation Expectations Rise and Worry Markets
A University of Michigan study shows long-term projections exceeding historical levels and potentially limiting monetary easing.
Macroeconomics