Will Albanese become the first one-termer since the Great Depression?

Tuesday 10 December 2024

The latest polling suggests that Prime Minister Anthony Albanese’s Labor is facing the prospect of becoming Australia’s first one-term government since the Great Depression.

The brightest news for Labor is that the latest Newspoll has both major parties tied at 50% on a two-party preferred basis.

However, that is where the good news ends.

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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.