Australian economy, economy, EMC, ER, Essential Media, Essential Report, Greens, Labor, Liberal, management of the economy, Nationals, Polling, polls, the economy
Q. Which party do you think would be best at handling the Australian economy in the interests of you and people like you?
| Post budget 2010 | Post budget 2011 | Vote Labor | Vote Liberal/ National | Vote Greens | |
| Labor Party | 33% | 30% | 75% | 3% | 36% |
| Liberal Party | 36% | 40% | 4% | 84% | 11% |
| No difference | 20% | 22% | 17% | 10% | 46% |
| Don’t know | 11% | 9% | 4% | 3% | 7% |
30% think Labor the party best to handle the economy (in the interests of you and people like you) and 40% nominated the Liberal Party. This represents a shift of 7% in favour of the Liberal Party since the 2010 budget.
75% of Labor voters nominated Labor and 84% of Coalition voters nominated the Liberal Party. 46% of Greens voters said there was no difference – 36% said Labor and 11% Liberal.
Those with incomes under $600 pw favour Labor 32% to 30% while those on $1,600+ pw favour the Liberals 49% to 29%.
Australian economy, economic conditions, economics, economy, EMC, ER, Essential Media, Essential Report, Greens, Labor, Liberal, Nationals, Polling, polls, the economy
Q. Overall, from what you have read and heard, do you think the Australian economy is heading in the right direction or the wrong direction?
| 17 May 10
(Post 2010 budget) |
Total | Vote Labor | Vote Liberal/ National | Vote Greens | |
| The right direction | 51% | 45% | 75% | 27% | 51% |
| The wrong direction | 25% | 29% | 7% | 51% | 17% |
| Don’t know | 24% | 25% | 17% | 22% | 33% |
45% of respondents think that Australia’s economy is heading in the right direction – 29% think it is heading in the wrong direction. Since this question was asked just after the 2010 budget, “right direction” has dropped 6% and “wrong direction” increased 4%.
75% of Labor voters, 27% of Liberal/National voters and 51% of Greens voters think the economy is heading in the right direction.
economics, economy, EMC, ER, Essential Media, Essential Report, finances, Greens, Labor, Liberal, money, Nationals, Polling, polls, the economy
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 | 18 Jan 10 | 29 Mar 10 | 28 Jun 10 | 18 Oct 10 | 4 April 11 | Vote Labor | Vote Lib/Nat | Vote Greens | |
| Total better | 21% | 43% | 66% | 53% | 54% | 33% | 40% | 27% | 38% | 25% | 23% |
| Total worse | 61% | 37% | 15% | 19% | 19% | 31% | 30% | 37% | 26% | 48% | 33% |
| Get a lot better | 2% | 5% | 8% | 9% | 9% | 5% | 6% | 4% | 7% | 3% | 3% |
| Get a little better | 19% | 38% | 58% | 44% | 45% | 28% | 34% | 23% | 31% | 22% | 20% |
| Get a little worse | 45% | 28% | 11% | 14% | 13% | 23% | 20% | 27% | 22% | 33% | 27% |
| Get a lot worse | 16% | 9% | 4% | 5% | 6% | 8% | 10% | 10% | 4% | 15% | 6% |
| Stay much the same | 13% | 17% | 15% | 24% | 22% | 30% | 24% | 27% | 32% | 23% | 35% |
| No opinion | 5% | 3% | 4% | 4% | 6% | 7% | 6% | 8% | 4% | 5% | 8% |
Optimism about Australia’s economic outlook has declined substantially in the last 6 months. 27% think economic conditions in Australia will get better over the next 12 months and 37% think they will get worse – a net decline of 20% since this question was last asked in October. This is the most negative result recorded since December 2008.
Younger people are more optimistic than older people – of those aged under 35, 34% think conditions will get better and 27% worse.
38% of Labor voters think conditions will get better and 26% worse while 25% of Coalition voters think conditions will get better and 48% worse.