While the U.S. economy shows positive indicators like job growth and GDP, inflation continues to overshadow these achievements, leading to low approval ratings for incumbents.
The political half-life of the post-COVID inflation shock proved to be long, as evidenced by a recent election where 75% cited inflation hardships, impacting votes.
Every governing party facing election in a developed country this year lost vote share, marking a historic moment not seen in almost 120 years.
Incumbents across various countries, including the U.S., the UK, and France, are experiencing backlash from voters primarily driven by economic dissatisfaction, notably inflation.
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