Economic Confidence Improves Despite Uncertainty

After nearly reaching positive territory in early June, Americans’ confidence in the economy has been on a downward trajectory, according to Gallup’s Economic Confidence Index. In recent weeks, economic confidence has been negatively impacted by the crisis in Syria, stagnant job growth, upcoming negotiations over the federal debt limit, and uncertainty over the Federal Reserve’s bond-purchasing program. Still, the most recent reading found a small improvement from previous weeks. According to the index, 40 percent of Americans now say the economy is getting better rather than worse, with 19 percent rating the economy as excellent or good and 36 percent saying it is poor. Gallup notes that Americans have generally been more confident in the economy this year, though they are still more negative than positive in their assessment of current conditions and the economic direction.

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