Nearly half think U.S. in recessioni.a.cnn.net
Added 2475 days ago in Business
politicalticker.blogs.cnn.com — Nearly half of Americans feel the U.S. economy is in a recession, marked by a significant decline in economic activity, according to a survey released Thursday.

The poll by the CNN-Opinion Research Corporation found that while 46 percent of Americans hold that belief, 51 percent don't.

Black citizens were more pessimistic than whites, findings show.

Sixty-nine percent of black Americans feel the United States is in a recession, while only 42 percent of white Americans feel the same way.

The National Bureau of Economic Research defines a recession as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP (Gross Domestic Product), real income, employment, industrial production and wholesale-retail sales."

The GDP measures the economy's output. It represents the total market value of all goods and services produced in the United States during a specified period.

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Has your economic situation improved or deteriorated in the last year?
Improved
22%
Deteriorated
67%
Unchanged
11%
This is not a scientific survey, click here to learn more. Results may not total 100% due to rounding and voting descrepencies.
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