Q. Compared to other developed countries (e.g. USA, UK, Japan, European nations) how would you rate the current state of the Australian economy?
|Total||Vote Labor||Vote Lib/Nat||Vote Greens|
69% believe that, compared to other developed countries, the current state of the Australian economy is good and 7% think it is poor. 82% of Labor voters think it is good compared to 75% of Greens voters and 66% of Liberal/National voters.
Those on higher incomes are more likely to think it is good – 75% of those on $1,600+ per week compared to 66% of those under $600 per week.
Q. Thinking about the next 12 months, do you think 2011 will be a good or bad year for each of the following?
|Total good||Total poor||Very good||Good||Neither good nor bad||Bad||Very bad||Don’t know/Not applicable|
|The Australian economy||48%||16%||5%||43%||32%||14%||2%||5%|
|Your personal financial situation||39%||20%||7%||32%||38%||14%||6%||3%|
|Your workplace *||47%||16%||8%||39%||33%||13%||3%||4%|
|You and your family overall||51%||14%||10%||41%||30%||11%||3%||4%|
* based on working people
Overall, respondents were optimistic that 2011 would be a good year for themselves overall (51%), the Australian economy (48%) and their workplace (47%). They tended to be a little less optimistic about their financial situation (39% good/20% bad).
When compared with last week’s questions on perceptions of 2010, these figures suggest that respondents expect 2011 to be better than 2010.
In particular, more respondents believed it would be a good year for their personal situation (28% 2010/39% 2011), the Australian economy (41%/48%) and themselves and their families overall (43%/51%).
Q. Do you think the recent increase in official interest rates indicates that Australia’s economy is getting better or getting worse?
|Economy is getting better||53%|
|Economy is getting worse||12%|
Just over half (53%) think the recent increase in official interest rates indicates that Australia’s economy is getting better, 12% think it is an indication that the economy is getting worse and 28% think it is not a sign that the economy is getting better or worse.
Labor voters were more likely to think the interest rate rise is a sign that the economy is getting better (61%), while Coalition voters were a little more likely than the average to think that it is a sign that the economy is getting worse (18%). 48% of Coalition voters think that the recent interest rate increase is a sign that the economy is getting better.
Read Essential's ongoing research on the public response to Covid-19.
In this week's report:
- Federal government response to Covid-19
- State government response to Covid-19
- Views towards reopening international borders
- Views towards state border closures
- Comprehension and confidence in PM’s plan to ‘safely reopen’ Australia
- Uptake of a Covid-19 vaccine
- Necessity of mandatory vaccinations in specific situations
- Views towards easing restrictions for fully vaccinated people