The CNBC All-America Economic Survey's third quarter found 43 percent of the public believes the economy is either excellent or good, which is a record high in the survey's 10 year history. While only 36 percent believe the economy will get better, which is down a few points after the previous survey, the percentage of citizens who believe the economy will get worse in down six points. This survey shows that the American public is confident in the economy, which itself will have significant economic benefits. When consumer confidence is high, people are more willing to spend money and further boost the economy. The economy can often be a self-fulfilling prophecy, meaning that when the public believes the economy to be good, it will be. This rise in consumer confidence will result in a boost in spending and investment, raising our GDP. This increase in economic confidence, however, has not resulted in a change in the approval ratings of our President. Both republicans and democrats would agree that Trump's approval will roughly maintain their current position, with approval at 38 percent and disapproval at 52 percent.
https://www.cnbc.com/2017/10/03/american-optimism-about-the-economy-fails-to-lift-trumps-approval-ratings.html
Some international economists recently also have been warning of various risks to the US economy and continued economic growth. These include protectionist US trade policies and slower economic growth in China. This is because the trade and financial links that connect major economies will impact one another. And even though inflation is currently low, inflation could rise quickly in future if the US economy is at or near full employment currently. It is not easy to tell when the economy is at full employment.
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