. While that's not the case today — the economic recovery from the pandemic's economic fallout has been charging along — Americans aren't feeling good. In fact, it's an early-2010's flashback: Americans feel as glum about the economy now as they did in the painfully sloth-like rebound from the 2008 financial crisis. They really, really hate the economy.shows that consumer sentiment fell to 59.1 in May, reaching its lowest point since August 2011. That's a dip from 65.
Hopes for the recovery moving forward also slumped. The university's index of consumer expectations tracking views on where the economy is headed in the near future plunged to 56.3 from 62.5, similarly reversing much of the progress seen in recent months. The biggest concern for Americans is sky-high inflation. 36% of consumers surveyed by the University of Michigan said their negative outlook stemmed from inflation. To their credit, there's plenty to worry about. Data published Wednesday showed prices for common goods and services. While that reflected slightly slower inflation than in March, it still came in above economists' forecasts and marked the second-fastest price growth since 1981.
Americans polled by Gallup felt similarly: In April, Gallup's Economic Confidence Index lingered at -39. While that's not as bad as the immediate fallout from the Great Recession, it's still lower than
Source: News Formal (newsformal.com)
'The Israeli army is asking people if they are Christian or Muslim. If you’re Muslim you weren’t allowed in.' - ajimran Israeli occupation forces are attacking Palestinians during the funeral of killed Al Jazeera journalist Shireen Abu Akleh.
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