Economic Pessimism Near 2-Year High
Expectations about the nation's economy are now as low as they have been at any point since October 2005, and the Post-ABC News Consumer Comfort Index remains mired in negative territory.
Fifty-seven percent of Americans now say the economy is getting worse. That's a 23 percentage point jump in pessimism since the beginning of the year, and nearly as high as the dour economic assessment that followed the Hurricane Katrina disaster in late August 2005. Only 15 percent say the economy is improving; a quarter says it's staying about the same.
And current sentiment is no more rosy. The Post-ABC CCI registers at -11 on its scale of +100 to -100. Three weeks ago, the index had reached up to -5, before its recent skid. The new rating is also off the average for the year, -6, and right around the CCI's long-term average, -9, in weekly polls since 1985.
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