Trump Economic Approval Hits 31% Despite Strong Growth

President Donald Trump holds a 31% public approval rating regarding the economy, according to a Quinnipiac University poll. This figure is lower than the 33% approval rating held by Joe Biden in June 2022, a period characterized by contracting GDP and 9.1% inflation.

Current macroeconomic data indicates a stronger performance than the previous administration. Consumer price inflation has fallen to 3.4%, the S&P 500 has risen approximately 35%, and GDP growth averaged over 2.4% in the first half of the year. The Federal Reserve Bank of Atlanta estimated third-quarter economic growth at 3.6%.

Analysts attribute the gap between these indicators and voter perception to the cumulative price increases since 2020, energy price hikes linked to war, and the impact of tariffs. Despite these perceptions, an investment boom in artificial intelligence suggests the United States may be entering a period of prolonged prosperity.