Story highlights 38% of Americans say the economy is in good shape, a new CNN/ORC International poll shows

That's down from 42% who said the economy was performing well in September

Most predicted the economy will be in good shape a year from now

Washington (CNN) Americans' view of the economy is increasingly dour -- though a majority expect things to turn around next year, a new poll shows.

Just 38% of Americans believe the economy is in good shape, a CNN/ORC International poll of 1,018 adults , conducted Oct. 24-26, found. That's down from 42% in September -- and it could hurt Democrats' chances of holding onto the Senate in the Nov. 4 midterm elections.

Wednesday's survey found that 62% rated economic conditions as "somewhat poor" or "very poor".

The poll found that urban Americans have a rosier view of the economy, with 43% saying it's in good shape compared to 39% of those surveyed in suburban areas and 31% in rural areas.

The bigger difference, though, is between the 55% of Democrats who say the economy is performing well and the 28% of Republicans who agree. Just 32% of independent voters say the economy is in good shape.

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