Impact on Australia of European Economic Crisis

Jul 9, 2012

Q. How much impact do you think the current economic and financial problems in Europe have on the Australian economy— a major impact, some impact, only a small impact or no impact?

 

Total

Vote Labor

Vote Lib/Nat

Vote Greens

A major impact

14%

12%

18%

8%

Some impact

60%

61%

65%

55%

Only a small impact

16%

18%

12%

24%

No impact

3%

2%

1%

6%

Don’t know

7%

7%

3%

6%

14% think the financial and economic problems in Europe have a major impact on the Australian economy and 60% think they have some impact. Only 19% think they have only a small or no impact.

82% of respondents aged 55+ and 83% of Liberal/National voters think they have major/some impact.

Those most likely to think they have only a small or no impact were aged under 35 (23%) and Greens voters (30%).

Of those who had heard or read a lot about the problems in Europe, 26% think they have a major impact on the Australian economy and 58% think they have some impact.

Statements about European Economic Crisis

Jul 9, 2012

Q. Which of the following statements is closer to your own view?

 

Total

Vote Labor

Vote Lib/Nat

Vote Greens

The economic and financial crisis in Europe may have some impact on Australia but it will be very limited – because of our great distance from Europe and our trade and investment is no longer dependent on Europe

30%

39%

26%

34%

The economic and financial crisis in Europe already clearly impact on countries we do business with like the UK and US so it will definitely have a significant impact on the Australian economy.

53%

48%

65%

46%

Don’t know

16%

13%

9%

20%

A majority (53%) of respondents agreed with the statement that “The economic and financial crisis in Europe already clearly impact on countries we do business with like the UK and US so it will definitely have a significant impact on the Australian economy”.

Those most likely to agree with this statement were aged 55+ (64%) and Liberal/National voters (65%).

39% of Labor voters agreed with the statement that “The economic and financial crisis in Europe may have some impact on Australia but it will be very limited – because of our great distance from Europe and our trade and investment is no longer dependent on Europe.”

Of those who had heard or read a lot about the problems in Europe, 36% agreed that “The economic and financial crisis in Europe may have some impact on Australia but it will be very limited – because of our great distance from Europe and our trade and investment is no longer dependent on Europe” and 61% agreed that “The economic and financial crisis in Europe already clearly impact on countries we do business with like the UK and US so it will definitely have a significant impact on the Australian economy”.