Americans' views of the economy have brightened following the November presidential elections as Donald Trump prepares to take over the White House, a new Gallup Poll shows.
"This positive swing mostly stems from surging confidence among Republicans and independents who lean Republican, whose index score stood at +16 last week," reads the report.
Optimism for economic growth under Trump is also at a two-year high among investors who responded to the latest Bank of America Merrill Lynch fund managers survey. And, the International Monetary Fund boosted its growth forecast for the U.S. economy over the next two years citing the Trump administration's tax and spending plans.
"Ahead of the U.S. presidential inauguration, investors are positioned for stronger growth and inflation, but are not willing to turn fully bullish with China-related risks on the horizon," Michael Hartnett, chief investment strategist at BofAML, said in a statement according to CNBC.
Trump has promised to withdraw from the Trans-Pacific Partnership and replace it with a series of agreements to protect American jobs. He also said he would also implement a massive infrastructure spending program and provide tax cuts for all Americans.
The Gallup Poll was based on telephone interviews conducted from Jan. 9 to 15 on the Gallup U.S. Daily survey, with a random sample of 3,568 adults.