Half of Americans in a new Suffolk University/USA Today poll agreed that the U.S. is currently in a recession, even though the Biden administration is saying otherwise.
While half thought the country is in a recession, another 15% think the U.S. is in a depression. Only 9% think the economy is in recovery.
Public opinion seems to agree with economic numbers, which say that GDP declined 0.9% in the second quarter, the second consecutive quarter of decline.
The National Bureau of Economic Research officially determines when the U.S. is in recession, and generally takes several months after the start of one to do so.
A recession would probably be very bad for Democrats' election hopes in the midterm elections, which is why Biden is denying it, but ignoring reality is not likely to help them much either.
Read the full story here.