Most Americans wrongly believe the U.S. is in recession, poll finds

“Fearless Girl,” a bronze sculpture by Kristen Visbal, stands in front of the New York Stock Exchange building in New York on May 31, 2023.

Timothy A. Clary | AFP | Getty Images

More than half of Americans believe the United States is in an economic recession, even though gross domestic product has been increasing for several years.

According to a new Guardian/Harris poll, 56% of respondents believe the United States is in recession and 58% believe President Joe Biden is responsible for what they see as an economic downturn.

A recession is a prolonged period of economic decline, usually designated when GDP has declined for at least two consecutive fiscal quarters.

Under these conditions, the United States is definitely not in recession.

GDP grew by 1.6% in the first quarter of 2024. Granted, this is a slower growth rate compared to the 3.3% growth in the fourth quarter of 2023, but it is not 'a recession. U.S. GDP growth has outpaced that of other developed countries.

“America has the best economy in the world,” Biden told NBC’s “TODAY” show in April.

The Guardian/Harris poll is another example of the persistent gap between economic data and economic sentiments that has dogged the Biden administration in recent months.

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Despite some positive signals that the economy is recovering from the pandemic chaos that disrupted supply chains and sent inflation soaring, consumer attitudes have lagged, often due to the high cost of living daily caused by stubbornly high inflation.

The Guardian/Harris poll comes less than six months before the November election, in which Biden will face former President Donald Trump. The Biden campaign is working to sell voters on the president's economic record and change the mood to recognize the economic gains the country has made since the pandemic.

“We know our work is not done,” White House press secretary Karine Jean-Pierre said at a January press briefing, highlighting the gulf between the state of the U.S. economy in terms of numbers and what Americans think about them.

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