Over half of Americans believe US still in economic recession: Poll

February 16th, 2011 - 6:18 pm ICT by ANI  

Washington, Feb 16 (ANI): Over half of Americans, are of the opinion that the US is still in an economic recession, and expressed little confidence that it would improve over the next few months, a new CBS News poll has revealed.

The poll said that although the National Bureau of Economic Research has claimed that the most recent economic recession had ended in June 2009, 57 percent of the respondents do not think that way. Only 37 percent of Americans think the recession is nearly over.

Besides, 60 percent of them have expressed uneasiness that economic conditions would improve over the next few months, compared to less than half of Americans who showed positive signs that it will improve in the near future.

However, two years ago the Americans’ confidence was lower, just 32 percent felt confident and 67 percent were uneasy.

More Americans are confident about their own finances, with the latest poll saying that 60 percent are at least somewhat confident, a significant increase from 47 percent two years ago, CBS News reports.

Nevertheless, nearly a third of all Americans think the national economy is getting better, while 22 percent think it is getting worse and 45 percent think it is staying the same. The percentage that sees it improving is the highest it has been since last April, the report added.

Overall, nearly six in 10 Americans are at least somewhat concerned that they or someone else in their household will be out of work and looking for a job within the next 12 months, including a third who are very concerned. (ANI)

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