Few Believe Economy Is in Good Shape, But Improvement Is Seen

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The improvement in the stock market may have lifted some peoples' spirits, but only 15 percent of the public considers the economy in good shape while 84 percent describe it as in bad shape, according to a New York Times/CBS News poll conducted June 12-16.

However, 27 percent say the economy is getting better, up 7 points since early January before President Obama took office, and the number of those saying the economy was deteriorating has dropped in that time from 54 percent to 25 percent.

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