Australia now a nation of optimists

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From Roy Morgan Research:

Of all Australians 59% now think 2021 will be ‘better’ than 2020 – the highest positive view on the year ahead since 2009 following the Global Financial Crisis, a special Roy Morgan web survey conducted in November finds. A further 17% say 2021 will be ‘the same’, an all-time record low of 10% say 2021 will be ‘worse’ than 2020 and 14% don’t know.

Australians are far more positive about 2021 than they were a year ago about 2020 when only 12% said 2020 would be ‘better’ than 2019 and a large 40% said the year ahead would be ‘worse’. This comes as little surprise as people hope for a return to normality after the Covid-19 pandemic.

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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.