Aussie consumers among least confident in the world

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From Roy Morgan Research:

A special Roy Morgan survey conducted in Australia in conjunction with the Gallup International Association survey in 47 countries world-wide finds that Australia is one of the least confident countries in the world about 2020.

Only 12% of Australians (down 32% points on a year ago) expect 2020 will be a ‘better year’ than 2019 which is equal 43rd with South Korea of the 47 countries surveyed. Australia is more positive about 2020 than only three countries including Italy (11%), Jordan (7%) and Lebanon (5%).

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.