Politics

NBC News poll: Majority of voters believe U.S. is currently in recession

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A recent NBC News poll showed that most registered voters believe the economy has already entered into a recession and that the recently signed Inflation Reduction Act will do have minimal effect to combat inflation. 

The survey found that 68% of those polled believe the economy is currently in a recession while 27% believed it has yet to enter a recession. It also showed that 35% of Americans believe the Inflation Reduction Act will have a negative impact on the economy while 36% believe it will not make any difference.

Nearly half of those polled (47%) said they would prefer a Republican candidate for Congress compared to 45% who said they would select a Democrat candidate.

The legislation was greeted with severe criticism over the decision to include an IRS provision that would allegedly spend roughly $80 billion to fund the hiring of 87,000 new agents across the country – though the Associated Press previously reported that this claim is “misleading.”

Fox News reports that the economy recently entered into a technical recession after the gross domestic product (GDP) contracted for a second consecutive quarter from April-June. The most common definition of a recession is 2 consecutive quarters of negative GDP growth.

According to the Consumer Price Index, inflation hit 9.1% in June, which is a 40-year record high, before reducing slightly to 8.5% in July.

The NBC News survey was carried out between Aug. 12th and August 16th, 2022, with a margin of error of plus or minus 3.10 percentage points.

ARTICLE: PAUL MURDOCH

MANAGING EDITOR: CARSON CHOATE

PHOTO CREDITS: KARE11.COM

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Paul Murdoch

Paul, 37, is from Scotland in the UK, but currently lives and works in Bangkok. Paul has worked in different industries such as telemarketing, retail, hospitality, farming, insurance, and teaching, where he works now. He teaches at an all-girls High School in Bangkok. “It’s a lot of work, but I love my job.” Paul has an active interest in politics. His reason for writing for FBA is to offer people the facts and allow them to make up their own minds. Whilst he believes opinion columns have their place, it is also important that people can have accurate news with no bias.

Paul, 37, is from Scotland in the UK, but currently lives and works in Bangkok. Paul has worked in different industries such as telemarketing, retail, hospitality, farming, insurance, and teaching, where he works now. He teaches at an all-girls High School in Bangkok. “It’s a lot of work, but I love my job.” Paul has an active interest in politics. His reason for writing for FBA is to offer people the facts and allow them to make up their own minds. Whilst he believes opinion columns have their place, it is also important that people can have accurate news with no bias.

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