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CNBC Poll: 80 Percent of Americans See Economy as Fair or Poor

By    |   Wednesday, 26 March 2014 01:29 PM

Americans remain unenthusiastic about the economy, according to a survey from CNBC.

The poll shows that more than 80 percent of respondents see the economy as fair or poor, little changed from the fourth quarter. That's an improvement from 95 percent at the height of the 2008 financial crisis, but it's still above the pre-crisis level of 72 percent.

Only 17 percent of Americans judge the economy to be good or excellent, down from 26 percent in 2007.

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When it comes to expectations for the future, 29 percent of Americans believe the economy will improve in the next year. That's up from 26 percent in the fourth quarter. But it still trails the 30 percent who anticipate the economy will worsen.

People look for mild increases in wage and home prices. Wages are expected to advance 2.2 percent in the next year. That's down from the 3.3 percent gain predicted in the fourth quarter.

Americans project home prices will climb 2 percent in the next year, about the same as the fourth-quarter forecast.

The survey of 800 Americans was conducted March 13-16.

Meanwhile, 48 economists surveyed by the National Association for Business Economics forecast that economic growth will tumble to 1.9 percent this quarter thanks to bad weather, but then rebound for the remainder of the year, The Associated Press reports.

They predict 2.8 percent growth for the year as a whole. GDP expanded 2.4 percent in the fourth quarter.

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Americans remain unenthusiastic about the economy, according to a survey from CNBC.
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2014-29-26
Wednesday, 26 March 2014 01:29 PM
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