The Influence of the Economy on Elections

Elections in various countries show a trend where incumbents are being punished due to recent economic challenges like inflation, but the link between the economy and voters' views on politicians is becoming complex and weak. While there was a clear relationship between economic performance and leaders' approval in the past, especially pre-2000s, recent data suggests a divergence, with limited impact on politics even during economic downturns. Unlike historical patterns in Western Europe, especially in France and Germany where views of the economy affect support for incumbent leaders, countries like the US and UK are displaying a weakening relationship between economic sentiments and political allegiances.