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Recovery Runs Into New Risk in Vast Partisan Gap on U.S. Economy
Bloomberg: Democrats and Republicans hold starkly diverging views of the U.S. economy and the gap is widening as the pandemic persists, casting a shadow over President Donald Trump’s hopes for a V-shaped recovery powered by pent-up demand as nationwide lockdowns ease.
One closely watched metric, the University of Michigan Index of Consumer Sentiment, reveals the political divide over the economy. Overall, the index rebounded from 72.3 in March to 78.9 in May on the strength of better-than-expected May jobs numbers. But it only ticked up 0.7 points for Democrats while surging 11 points for Republicans.
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