Economic conditions in Australia over the next 12 months

Jan 18, 2010

 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 23 Feb 09 18 May 09 15 Jun 09 6 Jul 09 21 Aug 09 5 Oct 09 18 Jan 10
Total better 21% 19% 25% 43% 50% 55% 66% 53%
Total worse 61% 65% 56% 37% 31% 23% 15% 19%
Get a lot better 2% 2% 2% 5% 7% 9% 8% 9%
Get a little better 19% 17% 23% 38% 43% 46% 58% 44%
Get a little worse 45% 42% 37% 28% 23% 17% 11% 14%
Get a lot worse 16% 23% 19% 9% 8% 6% 4% 5%
Stay much the same 13% 12% 13% 17% 15% 18% 15% 24%
No opinion 5% 4% 5% 3% 4% 3% 4% 4%

 Just over half (53%) of those surveyed think that over the next 12 months, economic conditions in Australia will get better, 19% think they will get worse, and 24% think conditions will get much the same. 

 The most significant differences since we last asked this question in October 2009 are in terms of a decrease in the number of people that think conditions will get better (-13%), and an increase in the number that think economic conditions will stay the same (+9%).   

 Males were more likely than females to think economic conditions will get better over the next 12 months (59% v 47%). 

 Labor voters were more likely than Coalition voters to think conditions will get better (65% v 47%).  Coalition voters were more likely to think conditions will get worse (28%). 

 People aged 18 – 24 were more likely than those aged 55 years and over to think that economic conditions will improve over the next 12 months (61% v 52%).