Economists and Most Americans Agree: Biden’s Economy Is Going to Get Worse Next Year

The outlook of Americans on the economy has turned increasingly pessimistic, mirroring the view of economists who see less growth next year.

The shift upward in the share saying the economy is getting worse occurred sometime in late spring and early summer. From February through May, the share of people seeing the economy worsening ranged from a high of 49 percent in February to a low of 45 percent in April. Since June, the share has never fallen below 51 percent.

The forecast for GDP next year, however, has moved in the opposite direction. Economists in the October poll forecast the economy growing just one percent next year. Back in January, they were forecasting 1.9 percent growth for 2024. This suggests that many economists agree with the public’s view that the economy is getting worse rather than better despite the recent better-than-expected performance.

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