The Economy

May 7, 2012

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

26 Mar 12

Total

Vote Labor

Vote Lib/Nat

Vote Greens

Total better

21%

43%

66%

33%

40%

27%

22%

16%

25%

23%

39%

18%

22%

Total worse

61%

37%

15%

31%

30%

37%

49%

58%

46%

46%

31%

59%

30%

Get a lot better

2%

5%

8%

5%

6%

4%

3%

2%

3%

2%

7%

1%

1%

Get a little better

19%

38%

58%

28%

34%

23%

19%

14%

22%

21%

32%

17%

21%

Get a little worse

45%

28%

11%

23%

20%

27%

31%

41%

31%

31%

27%

37%

22%

Get a lot worse

16%

9%

4%

8%

10%

10%

18%

17%

15%

15%

4%

22%

8%

Stay much the same

13%

17%

15%

30%

24%

27%

25%

22%

21%

25%

28%

19%

41%

No opinion

5%

3%

4%

7%

6%

8%

4%

4%

7%

6%

2%

3%

8%

Confidence in the economic outlook has shown little change since March.  The percentage of respondents believing conditions to be getting better declined 2 points to 23%, while those believing that economic conditions will get worse over the next 12 months remained at 46%.

Labor voters are optimistic overall – 39% better/31% worse.  Coalition voters are the most pessimistic, with 59% believing that thing will get worse over the next 12 months and only 18% better.

There was little difference across demographic groups.