Americans Perceive Recession Despite Economic Growth

Surveys reveal a disconnect between economic data and public sentiment, with inflation and cost of living influencing perceptions.

56% of Americans believe the country is in a recession, according to a Harris poll.
Economic indicators show growth, with a 1.6% GDP increase in Q1 2024 and a 3.4% rise in Q4 2023.
The unemployment rate remains low at 3.9%, contradicting recessionary conditions.
High inflation and increased living costs are major factors shaping negative public views.
Misconceptions about stock market performance and unemployment rates contribute to the public's economic pessimism.