Voters seem to be less worried about a recession.
Expectations that the U.S. economy will soon be in recession have been gradually decreasing over the past year or so.
According to an analysis by CBS News, around a third of registered voters think we are headed for a recession today. For most of last year, that number hovered at about half.
The analysis did not offer any explanation for the drop in pessimism, but noted shifts in attitudes across all party lines. The largest shift is among Republican voters, 49% of whom are currently planning for the U.S. to be in recession. That's down from 70% who felt that way in June 2022.
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Independent voters have also had a big change in their expectations, with 38% planning for a recession today versus 55% in June 2022.
The smallest shift is among Democrats, just 16% of whom are expecting the economy to be in recession. That's down from 23% in June 2022.
Not only are voters less worried about recession, but a slightly higher share expect the economy to at least hold steady over the next year, if not grow -- four in 10 now versus three in 10 in early 2022, according to the analysis.
While many economists have warned of an all-but inevitable recession, U.S. Federal Reserve Chair Jerome Powell in July said the agency -- which has raised interest rates 11 times since March 2022 in the face on inflation -- was no longer anticipating a recession.
"Given the resilience of the economy recently they are no longer forecasting a recession," Powell said during a news conference.
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