Government Handling of the Economy

Aug 15, 2011

Q. How do you think the Australia Government has handled our economy over the last few years?

Total Vote Labor Vote Lib/Nat Vote Greens
Total well 54% 82% 34% 81%
Total poorly 39% 13% 62% 12%
Very well 9% 22% 2% 16%
Quite well 45% 60% 32% 65%
Quite poorly 26% 11% 39% 8%
Very poorly 13% 2% 23% 4%
Don’t know 7% 6% 4% 7%

54% think the Australian Government has handled the economy very well or quite well over the last few years and 39% very poorly or quite poorly. 82% of Labor voters, 81% of Greens voters and 34% of Liberal/National voters think the Government has handled the economy well. 62% of Liberal/National voters think the Government has handled the economy poorly.

60% of those aged under 35 think the Government has handled the economy well, compared to 51% of those aged 35-54 and 51% of those aged 55+

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Trust to deal with GFC

Aug 15, 2011

Q. If there is another Global Financial Crisis, which party would you trust most to deal with it?

Total Vote Labor Vote Lib/Nat Vote Greens
The Labor Party 31% 75% 4% 61%
The Liberal Party 40% 4% 82% 5%
No difference 20% 13% 11% 27%
Don’t know 9% 8% 4% 8%

If there was another GFC, 40% would trust the Liberal Party more to handle it and 31% would trust the Labor Party more. When a similar question was asked last week, the results were 27% Labor/43% Liberal.

The only demographic groups trusting the Labor Party more were aged 18-24 (Labor 37%/Liberals 29%) and those earning less than $600pw (Labor 41%/Liberals 32%).

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Ratings of the Economy

Aug 8, 2011

Q. From what you have read and heard, how would you rate the state of the economy of Australia?

And how would you rate the state of the economy of the USA?

And how would you rate the state of the economies of the European countries?

Australia USA Europe
Total getting better 32% 5% 5%
Total getting worse 37% 84% 70%
Getting a lot better 7% 1% 1%
Getting a little better 25% 4% 4%
Neither getting better nor worse 28% 7% 14%
Getting a little worse 27% 26% 27%
Getting a lot worse 10% 58% 43%
Don’t know 2% 4% 10%

A majority believe that Australia’s economy is getting better but the economies of USA and Europe are getting worse.

53% of respondents think the Australian economy is getting better and 12% think it is getting worse. 62% think the USA economy is getting worse and 53% think the economies of European countries are getting worse.

For Australia, 63% of Labor voters, 66% of Greens voters and 44% of Liberal/National voters think the economy is getting better. Younger respondents were most optimistic about the Australian economy  – 60% of those aged under 35 think it is getting better compared to 46% of those aged 55+.

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Impact of other Economies on Australia

Aug 8, 2011

Q. How much impact do you think the economies of other countries have on Australia’s economy?

Total Vote Labor Vote Lib/Nat Vote Greens
A lot 47% 44% 49% 46%
Some 41% 44% 42% 48%
A little 8% 10% 7% 6%
None *
Don’t know 3% 2% 2%

47% think that the economies of other countries have a lot of impact on the Australian economy and 41% think they have some impact. Only 8% think they have little or no impact. There were no major differences across demographic groups.

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The Economy – Heading in the Right/Wrong Direction

Jul 4, 2011

Q. Overall, from what you have read and heard, do you think the Australian economy is heading in the right direction or the wrong direction?

17 May 10

(Post 2010 budget)

9 May 11

(Post 2011 budget)

4 Jul 11 Vote Labor Vote Liberal/ National Vote Greens
The right direction 51% 45% 37% 66% 21% 49%
The wrong direction 25% 29% 43% 15% 65% 20%
Don’t know 24% 25% 20% 19% 14% 31%

37% of respondents think that Australia’s economy is heading in the right direction – 43% think it is heading in the wrong direction. Since this question was asked just after the 2011 budget, “right direction” has dropped 8% and “wrong direction” increased 14%.

66% of Labor voters, 21% of Liberal/National voters and 49% of Greens voters think the economy is heading in the right direction.

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Party Best at Handling Economy

Jul 4, 2011

Q. Which party do you think would be best at handling the Australian economy in the interests of you and people like you?

Total Vote Labor Vote Lib/Nat Vote Greens
The Labor Party 26% 75% 2% 35%
The Liberal Party 43% 1% 86% 11%
No difference 23% 19% 9% 43%
Don’t know 8% 4% 3% 10%

43% think the Liberal Party would be best at handling the Australian economy in their interests and 26% nominated the Labor Party. 23% think there is no difference.

The Liberal Party is considered better by all income groups , although more by those on higher incomes. Those earning less than $600 per week favour the Liberal Party 37%/29%, while those earning $1,600+ per week favour the Liberal Party 51%/21%.

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The economy

Jul 4, 2011

Q. Over the next 12 months do you think economic conditions in Australia will get better, get worse or stay much the same?

1 Dec 08 15 Jun 09 5 Oct 09 18 Jan 10 29 Mar 10 28 Jun 10 18 Oct 10 4 April 11 4 Jul 11 Vote Labor Vote Lib/Nat Vote Greens
Total better 21% 43% 66% 53% 54% 33% 40% 27% 22% 37% 15% 34%
Total worse 61% 37% 15% 19% 19% 31% 30% 37% 49% 28% 65% 34%
Get a lot better 2% 5% 8% 9% 9% 5% 6% 4% 3% 8% 1% 1%
Get a little better 19% 38% 58% 44% 45% 28% 34% 23% 19% 29% 14% 33%
Get a little worse 45% 28% 11% 14% 13% 23% 20% 27% 31% 22% 37% 26%
Get a lot worse 16% 9% 4% 5% 6% 8% 10% 10% 18% 6% 28% 8%
Stay much the same 13% 17% 15% 24% 22% 30% 24% 27% 25% 33% 18% 29%
No opinion 5% 3% 4% 4% 6% 7% 6% 8% 4% 3% 2% 3%

Optimism about Australia’s economic outlook has declined again in the last 3 months. 22% think economic conditions in Australia will get better over the next 12 months and 49% think they will get worse – a net decline of 17% since this question was last asked in April. This is the most negative result recorded since December 2008.

Younger people are more optimistic than older people – of those aged under 35, 29% think conditions will get better and 42% worse – for those aged 55+, only 15% think it will get better and 58% worse.

37% of Labor voters think conditions will get better and 28% worse while 15% of Coalition voters think conditions will get better and 65% worse.

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Cost of Living

Jun 6, 2011

Q. What do you think is the main reason for the increasing cost of living?

Total Vote Labor Vote Lib/Nat Vote Greens
The strong Australian dollar 17% 30% 9% 17%
Excessive company profits 18% 24% 10% 27%
Lack of competition 14% 18% 9% 24%
Economic management of the Federal Government 28% 8% 51% 9%
Economic management of State Governments 6% 3% 8% 6%
Wage increases 4% 3% 4% 3%
Don’t know 14% 14% 8% 14%

28% believe that economic management of the Federal Government is the main reason for the increasing cost of living. 18% blame excessive company profits and 17% the strong Australian dollar. Only 4% said wage increases.

Most of those blaming the Federal Government were Liberal/National voters. Labor voters nominated the strong Australian dollar and excessive company profits while Greens votes said excessive company profits and lack of competition.

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