The Economy

Oct 3, 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

28 Jun

10

18 Oct

10

4 April

11

4 Jul

11

3 Oct

11

Vote Labor Vote Lib/Nat Vote Greens
Total better 21% 43% 66% 33% 40% 27% 22% 16% 26% 12% 15%
Total worse 61% 37% 15% 31% 30% 37% 49% 58% 39% 72% 58%
Get a lot better 2% 5% 8% 5% 6% 4% 3% 2% 5% 1% 3%
Get a little better 19% 38% 58% 28% 34% 23% 19% 14% 21% 11% 12%
Get a little worse 45% 28% 11% 23% 20% 27% 31% 41% 34% 47% 44%
Get a lot worse 16% 9% 4% 8% 10% 10% 18% 17% 5% 25% 14%
Stay much the same 13% 17% 15% 30% 24% 27% 25% 22% 33% 15% 27%
No opinion 5% 3% 4% 7% 6% 8% 4% 4% 3% 1% 1%

Confidence in the economic outlook has weakened with the percentage of respondents believing conditions to be getting worse increasing 9 points to 58% (total worse), from 49% in July this year.  Those believing that economic conditions will get better over the next 12 months has fallen 6 points from 22% to 16% (total better).

Compared to 12 months ago, respondents are far less likely to think things will get better, having fallen from 40% (total better) in October 2010 to 16% (total better).  Conversely, pessimism has risen since this time last year, with the proportion of respondents believing conditions to get worse increasing from 30% (total worse) in October 2010 to 58% (total worse).

Labor voters are far less likely to think that things will get worse (39% total worse).  Coalition voters are the most pessimistic, with 72% (total worse) believing that thing will get worse over the next 12 months.

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