Australians no longer believe in the ‘Lucky Country’

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Roy Morgan has published its annual survey measuring the levels of trust and distrust that Australians have in the economy.

Roy Morgan claims that Australia is becoming a “fragile nation”, with distrust in the entire economy rising, consumer confidence remaining in the doldrums for three years, and the nation’s social fabric under continuous stress.

Roy Morgan consumer confidence

The Covid-19 pandemic instilled deep suspicion in the Australian economy, which has persisted.

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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.