Trump is losing voters on the economy, the issue that got him elected
19 days ago
- #Trump
- #economy
- #elections
- Trump's economic ratings are at their lowest point ever, worse than during COVID-19.
- Federal Reserve forecasts indicate negligible or negative GDP growth for Q1 2024.
- Manufacturers' economic outlook is the worst since 2020, comparable to the 2008 financial crisis.
- Stocks are near a one-year low, and bond market signals weakening global support for the U.S.
- Trump's proposed tariffs and policy mishaps are expected to further harm the economy.
- Economic growth is estimated at 1-2%, below the expected 2-3% range.
- Polls show a significant decline in Trump's approval on economic issues, with net disapproval at -6.
- Public sentiment on the economy is deteriorating, with 52% believing it's getting worse.
- Trump's tariff policies are harming stocks and undermining U.S. bonds as a safe-harbor currency.
- J.P. Morgan estimates a 60% probability of a recession if current policies continue.
- Trump's economic struggles could negatively impact the GOP in future elections.
- The U.S. dollar's reserve currency status is at risk due to economic instability.