Economic expectations post Covid-19

6 Jul 2021

Q. Which of the following is closer to your expectations of what will happen to the economy following the Covid-19 situation?

	Jul’21	Dec’20	Apr’20
The economy will rebound within 2-3 months and grow just as strong or stronger than before Covid-19	19%	18%	13%
The economy will be impacted for 6-12 months or longer and will stagnate or show slow growth thereafter	41%	43%	49%
Covid-19 will have long lasting impact on the economy and the country will fall into a lengthy recession	26%	22%	28%
Unsure	13%	17%	10%
Base (n)	1,099	1,071	1,054

	Total	Gender			Age Group				Federal Voting Intention
	Total	Male	Female	18-34		35-54	55+	Labor		TOTAL: Coalition	Greens	TOTAL: Other
The economy will rebound within 2-3 months and grow just as strong or stronger than before Covid-19	19%	23%	15%	17%		18%	22%	14%		29%	16%	15%
The economy will be impacted for 6-12 months or longer and will stagnate or show slow growth thereafter	41%	45%	38%	44%		39%	42%	45%		44%	45%	25%
Covid-19 will have long lasting impact on the economy and the country will fall into a lengthy recession	26%	23%	29%	26%		29%	24%	29%		17%	31%	49%
Unsure	13%	9%	17%	13%		14%	12%	12%		10%	8%	11%
Base (n)	1,099	539	560	341		373	385	404		388	87	114

Most people expect the economy to recover in 6-12 months following the impact of Covid-19 (41%), with a further 19% thinking it will recover in the next 2-3 months.
Expectations of a quick recovery in the next 2-3 months is highest among men (23%), older people aged over 55 (22%) and Coalition voters (29%).
There has been an increase in the proportion of people expecting a lengthy recession following the pandemic. 26% now expect this scenario, up from 22% last December.

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