Lowy poll: Australians pessimistic about economy

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The poll also shows that despite an expectation the bushfires would elevate the climate issue, concern about it has been partially eclipsed by the pandemic and its economic fallout, writes political columnist MICHELLE GRATTAN.

THE Lowy Institute’s 2020 “Understanding Australian Attitudes to the World” poll has found “unprecedented shifts” in Australian public opinion, with more people feeling unsafe in the world, optimism about the economy at an historic low, and a precipitate decline in trust in China.

Michelle Grattan

The poll also shows that despite an expectation the bushfires would elevate the climate issue, concern about it has been partially eclipsed by the pandemic and its economic fallout.

The survey was conducted March 16-29 of 2448 people, as the pandemic was hitting Australia (various shutdown measures were imposed midway through the poll period). Lowy earlier released its supplementary COVID poll done in April.

“The global COVID-19 pandemic appears to have taken a heavy toll on Australians’ sense of security,” according to the poll report, authored by Natasha Kassam.

When asked “about world events, how safe do you feel?, only 50 per cent of Australians say they feel safe. This was a record low for the poll, 28 points down on 2018. In contrast, during the global financial crisis, 92 per cent felt safe.

As the world headed to economic crisis, Australians were asked “how optimistic are you about Australia’s economic performance in the world over the next five years?”

“Optimism about the economy has fallen to record lows, although a slight majority (52 per cent) remain optimistic,” the report says, with 48 per cent pessimistic. This is the lowest level the poll has recorded – a 13-point fall from 2019, and 34 points lower than the high point in 2009 and 2010 (86 per cent).

The poll – taken before the latest deterioration in China-Australia relations after the Morrison government called for an inquiry into the origins of COVID – confirms the continuing souring in attitudes.

More than nine in 10 favour the government working to find other markets to reduce Australia’s economic dependence on China.

“Trust in China is at its lowest point in the [16 year] history of the poll, with 23 per cent saying they trust China a great deal or somewhat ‘to act responsibly in the world’.

“Only 22 per cent of Australians have some or a lot of confidence in China’s President Xi Jinping to do the right thing in world affairs.

“And feelings towards China on a scale of 0° to 100° have fallen sharply in 2020, to 39°. This represents a drop of 10 degrees in a single year, and the lowest score that China has received in the history of the poll,” the report says.

“More Australians (55 per cent) see China as ‘more of an economic partner’ than the 41 per cent that see China as ‘more of a security threat’ to Australia.” But, “Far fewer Australians see China as an economic partner in 2020, in a 27-point fall from 82 per cent to 55 per cent since 2018.

“In 2018, Australians were asked to weigh up their perception of China as an economic partner versus a military threat, and the balance of opinion tipped far more heavily towards China being an economic partner (82 per cent) rather than a military threat (12 per cent).”

Australians remain unimpressed with President Trump, a feature of previous Lowy polling. Only 30 per cent have confidence in Trump “to do the right thing regarding world affairs”. Nevertheless, this was a five point rise since last year.

People remain committed to the importance of the alliance with the US – 78 per cent said it was very or fairly important to Australia’s security, which was six points higher than last year.

Climate change concern remains high – 59 per cent see it as a critical threat to Australia’s interests.

“However, some concern about climate change may have been overshadowed by the COVID-19 pandemic and resulting economic uncertainty,” the report says.

“In 2020, 56 per cent of Australians say ‘global warming is a serious and pressing problem. We should begin taking steps now even if this involves significant costs.’ This is five points lower than in 2019, and 12 points below the peak of concern in 2006 when 68 per cent expressed this view. The level of concern remains 20 points higher than the low point of 36 percent in 2012,” the report says.

On the issue of international students, which has been highlighted by the pandemic, 52 per cent say the number is about right , while 43 per cent say it is too high. Just 3 per cent think it is too low.

Michelle Grattan is a professorial fellow at the University of Canberra. This article was originally published on The Conversation

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Michelle Grattan
Professorial Fellow, University of Canberra, Michelle Grattan is one of Australia's most respected and awarded political journalists.

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