Essential Report

Economic expectations post Covid-19

Jul 6, 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
  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.

COVID-19 RESEARCH

Read Essential's ongoing research on the public response to Covid-19.

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