Recession fears grip Trump's economy -- and even a majority of Republicans are worried
Donald Trump (Photo: Gage Skidmore/Flickr)

A new poll published by Axios reveals that recession fears in the United States are rapidly growing, as 65 percent of Americans now believe a recession will strike within the next year.

Breaking the survey down by party lines, 82 percent of Democrats, 62 percent of independents, and 53 percent of Republicans believe a recession is on the horizon over the next year.

It goes without saying, notes Axios, that a recession would almost certainly have negative political consequences for President Donald Trump.

"If a recession does come, it could be mild, as Axios' Felix Salmon and Courtenay Brown have written," the report says. "But it would take away the benefits of a booming economy that helped Trump during his first two years."

According to FiveThirtyEight, Trump's average approval rating is stuck at just 41.4 percent despite overseeing an economy with an unemployment rate of under 4 percent. The president's party also suffered historic losses in the 2018 midterm elections despite the strong economy, as the Democrats flipped 40 seats in the House of Representatives.