The vibecession is back. But a change in mood about the economy is often ‘a harbinger of things to come’: a drop in consumer spending and business investment, economist says

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• America slipped into a “vibecession” under the previous administration because there was a disconnect between how people felt about the economy and the actual state of the economy. It’s come back to haunt us—or it never truly went away.

President Donald Trump’s victory partially had to do with how people felt about the economy. The previous administration could not convince voters the economy was fine because it didn’t feel fine. America was caught in a “vibecession,” one that has come back to haunt us.