Essential Report

Economic expectations post Covid-19

Dec 15, 2020

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

  14/12 27/04 20/04 13/04 06/04
The economy will rebound within 2-3 months and grow just as strong or stronger than before Covid-19 18% 13% 11% 12% 11%
The economy will be impacted for 6-12 months or longer and will stagnate or show slow growth thereafter 43% 49% 47% 49% 51%
Covid-19 will have long lasting impact on the economy and the country will fall into a lengthy recession 22% 28% 30% 27% 29%
Unsure 17% 10% 11% 11% 9%
Base (n) 1,071 1,054 1,051 1,068 1,069

 

  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 18% 27% 10% 18% 22% 15% 15% 25% 13% 21%
The economy will be impacted for 6-12 months or longer and will stagnate or show slow growth thereafter 43% 42% 44% 45% 38% 47% 47% 48% 46% 36%
Covid-19 will have long lasting impact on the economy and the country will fall into a lengthy recession 22% 18% 25% 18% 25% 22% 25% 17% 32% 33%
Unsure 17% 13% 20% 19% 15% 16% 13% 10% 10% 10%
Base (n) 1,071 539 532 339 374 358 356 406 102 107
  • There is now more uncertainty about the future of the economy than earlier in the year. 17% say they are unsure how the economy will rebound following Covid-19, up from 10% in April.
  • 18% think the economy will rebound in the next 2-3 months (up from 13% in April) and 22% think Covid-19 will cause a long-term recession (down from 28%).
  • However most people think there will be some growth in the economy after 6-12 months (43%).

COVID-19 RESEARCH

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

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