💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

U.S. poll shows growing worries about coronavirus; drop in confidence in government

Published 03/16/2020, 08:21 PM
U.S. poll shows growing worries about coronavirus; drop in confidence in government

WASHINGTON (Reuters) - Some 60% of Americans are now 'very' or 'somewhat worried' they or a family member will be exposed to the coronavirus, up from 36% in February, while confidence in the government's ability to respond has fallen sharply, a new poll showed.

The Gallup poll was conducted on March 2-13, shortly after the first positive case of the fast-spreading virus was reported in the United States, and came as the administration of President Donald Trump accelerated its response to the pandemic.

Sixty-one percent of Americans are 'very' or 'somewhat confident' in the U.S. government's ability to respond, a drop of 16% from February, the poll showed.

Trump, after initially downplaying the risks of the outbreak, last week declared a national emergency and on Monday urged Americans to avoid gatherings of more than 10 people and halt most social activities for 15 days to halt the spread of the disease.

The move came as financial markets tumbled despite a second emergency rate cut by the Federal Reserve, and Trump warned the U.S. economy could tip into recession as a result of the virus.

The Gallup poll showed increased worry about the outbreak among all major subgroups, surpassing that seen during previous health scares such as SARS, West Nile virus and anthrax.

It said the results showed a significant partisan divide among those polled, with 73% of Democrats the most worried of any group, compared to just 42% of Republicans.

Only 43% of Democrats were 'very' or 'somewhat confident' in the U.S. government's ability to respond, down from 75% in February. By contrast, 85% of Republicans were very or somewhat confident, a one-percentage point drop from the earlier poll.

Over 85% of Americans now believe the coronavirus will have a "very" or "somewhat negative" impact on the global economy, up from 65% in the previous poll, Gallup said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.