President Barack Obama, flanked by Vice President Joe Biden and Treasury Secretary Timothy Geithner, speaks about the economy at a news conference in the White House Rose Garden on Wednesday, Sept., 15, 2010. (AP Photo/Pablo Martinez Monsivais)
(CNSNews.com) – Americans’ confidence in the economy hit an all-year low, according to a Gallup survey, returning to levels last seen in 2009 and continuing a downward trend in economic confidence that began in mid-February.
Gallup’s weekly tracking of economic confidence reflects whether Americans think the economy is getting better or worse and their assessment of current economic conditions.
“Gallup's Economic Confidence Index dropped to -39 in the week ending April 24 -- a new weekly low for 2011,” Gallup reported Tuesday. “This continues a downward trend that began in mid-February. The current deterioration of confidence contrasts sharply with the improving trend found at this time a year ago.”
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