Most Americans still think the economy is in a recession, but the number who feel that way has declined, according to a CNN/Opinion Research Corporation poll released Monday.
In a telephone poll of over 1,000 adult Americans, 75% said they believe the nation is now in a recession. That figure fell from 79% in April. In March 74% believed the U.S was in a recession.
This decline is the first time the number - which had been steadily rising since October - has fallen. Then, the poll showed only 46% thought the economy was in a recession.
"From a consumers's perspective, the economy is bad, and the environment is going to be tough for a while," said Wachovia economist Mark Vitner. "That's pretty accurate."
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