Queenslanders pessimistic about economy

13 December 2010
| By Caroline Munro |
image
image
expand image

Nearly 50 per cent of Australians are pessimistic about the future of the economy – particularly Queenslanders, despite the state experiencing a mining boom, according to the Allianz Future Optimism Index survey.

The survey, conducted by Newspoll, revealed that when it came to expectations about the future of the economy, only 51 per cent of Australians were optimistic and 9 per cent were ‘decidedly pessimistic’. This was despite a positive economic outlook and low levels of unemployment.

The survey found that Western Australians were the most optimistic at 59 per cent, followed by South Australia (53 per cent), Victoria and New South Wales (both at 51 per cent) and lastly Queensland (47 per cent).

There was some difference between men and women, with women proving to be less optimistic. Some 57 per cent of men surveyed were optimistic about the future of the economy compared to 45 per cent of women. The difference was apparent across demographic groupings, Allianz stated.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 1 week ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 1 day ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

2 weeks 6 days ago

Having divested its advice business in August, AMP is undergoing restructuring in at least four other departments amid a cost simplification program....

2 weeks 3 days ago