Optimism Grows for Economic Outlook Amidst Reopenings

May 4, 2020

Coronavirus Tracking Update

Overview

As Americans begin a new month fighting the coronavirus pandemic, the Firehouse Strategies and 0ptimus Analytics coronavirus tracking survey shows public outlook on the economy growing more optimistic. The number of Americans who believe the US economy will get worse over the next month has decreased from 54% last month to 43%. Our numbers also show the President’s approvals on both his handling of the coronavirus and of his job as president continuing to fluctuate between 46% and 51%, landing this week at 48%. Details on these key findings and trendlines for today’s data points are presented below. Look out for updated numbers on Thursday on our website.

Key Points

  • The number of Americans who believe the US economy will get worse over the next month has decreased from 54% last month to 43% today, a sign that Americans are growing more optimistic about the country’s economic outlook. However, only 22% still think the country’s current economic conditions are either good or excellent.

 

  • Trump’s approval rating on both his handling of the coronavirus and of his job as president are slightly underwater at 48%. Both approval ratings have been fluctuating between 46% and 51% throughout the past month.

 

  • The Democratic Party maintains its 9 point lead against the Republican Party in a generic Congressional ballot among 2020 general election likely voters (46% Democrat vs 37% Republican).

 

“The data shows that people are slowly starting to see the economic outlook getting better at the same time as the President’s pandemic approval at its lowest levels is a trend to watch just 6 months out from election day.
– Scott Tranter, 0ptimus Analytics

“Initially, Trump’s handling of the coronavirus received higher marks than his personal favorability. However, the decline over the last few weeks now has his favorability and how voters view his handling of the virus tied together.”
– Terry Sullivan, Firehouse Strategies

Full Results

The full toplines, crosstabs, and methodology can be found on our GitHub page.