May 02, 2019
In the latest CNN poll conducted by SSRS, President Trump’s economic approval rating has shown 56% of Americans approve of his job on the economy.
This is following reports that the U.S. economy grew an annualized 3.2% in the first quarter of 2019, surpassing expectations of 2%, after a 2.2% rise in the previous three months. The result was the best first-quarter growth in four years, although in consumer spending, which accounts for more than two-thirds of the U.S. GDP, “was up just 1.2%, which is two tenths more than expected as an increase in spending on services and nondurable goods offset a decline in spending on durable goods.”
Though not completely powerful, the U.S. economy is at a more favorable position compared to other developed countries. The labor market is also in a steady state.
President Trump’s approval on the economy, favorability, and promise-keeping will prove integral for his 2020 chances against a backdrop of more than twenty declared Democratic candidates, including former Vice President Joe Biden, who, according to the latest CNN Poll, has 51% support among registered voters over Trump’s 49%.
– MK. II