Yikes! Economic confidence is cratering in the wake of the government shutdown.
The latest measure from Gallup shows economic confidence, which wasn’t too high to begin with, has dropped 12 points in the first week of the government shutdown.
The -39 score is the lowest they’ve seen since late 2011, the last time the government bumped up against the debt limit.
According to the latest numbers, Americans on the whole think the economy is getting worse.
Last week, an average of 71% of Americans said the economy was getting worse, while 25% said it was getting better. The resulting -46 economic outlook score is down 24 points in the last two weeks, and 35 points in the last month.
Americans’ assessments of current economic conditions have also grown increasingly negative. Last week, 14% of Americans described current economic conditions as “excellent” or “good,” and 46% as “poor.” The -32 current conditions score is down 11 points in the last two weeks, and 14 points in the last month.