Global Markets
Trump's Economic Policies: High Inflation and War's Impact
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President Donald Trump's approval ratings on the economy have hit all-time lows in recent polls. CNBC's July 17 poll showed a net approval rating of -22, his worst performance on the economy. The survey revealed that 61% of respondents were pessimistic about the economic outlook. The Washington Post/Ipsos poll indicated a 37% approval rating overall and a 38% approval rating on the economy with a 60% disapproval rate. The U.S.'s war with Iran, rising gas prices, and the fact that 43% of Americans feel worse off than during former President Joe Biden's tenure highlight the intense criticism Trump's economic policies are facing in his second term. Experts suggest this could favor Democrats in the 2024 midterm elections.