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
	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	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%).

No Comments // Tags: covid-19, Economic recovery, recession

COVID-19 RESEARCH

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

Essential Report

In this week's report:

Sign up for updates

Receive the Essential Report in your inbox.

Recent Comments