After sinking to an 11-year low under former President Joe Biden, Americans’ faith in the economy and direction of the nation is back on track and shooting higher.

In the latest McLaughlin & Associates national survey, the percentage of voters who believe the country is on the right track has jumped 10 points since Inauguration Day, to 44%, and those viewing it on the wrong track have dropped 16 points to 49%.

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McLaughlin said in its survey shared with Washington Secrets on Wednesday that voters believe the economy is improving significantly under President Donald Trump.

Two key points stand out:

— Voters no longer fear that the economy is heading into a recession. By a 58% to 36% margin, they do not believe the economy is in recession. That gap is the widest since the outbreak of the COVID-19 crisis in early 2020.

— More also believe the economy is getting better, 41%, compared to 52% who say it is getting worse. That is also the best view of the economy since COVID-19.

“There is clearly a return to economic optimism,” said pollster John McLaughlin.

The survey also showed that voter views of the “big, beautiful bill” have evened out, and now those who consider it a tax-cutting initiative edge out those who believe it is a big spending bill.

Republicans and administration officials, led by Vice President JD Vance, spent much of the summer highlighting the tax cuts in the legislation, and it apparently had an effect.

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“There is a growing number of voters, 42%, who see the BBB as a tax cutter, but as the economy grows and more benefit from it, American optimism will grow too,” said McLaughlin.

All of that is good news for Trump. In the McLaughlin poll, 52% said that they support the president and his policies. And a new Rasmussen Reports survey also out on Wednesday found his approval rating holding steady at 48%.