As the utegate saga takes over Australian politics it seems that all of the politicians have forgotten the state of the Australian economy. The possible reality of a recession is still very real.
Nerang First National operates three seperate email newsletters, “Investor News“, “The Latest Property News” and “The Nerang First National Property Bulletin” with a combined audience of over 5700 recipients.
We recently included a survey with the latest versions of each edition asking the simple question: Do You Think We Will Go Into a Recession?
Survey Results for "Do you think we will go into a recession?"
The results show 47% believes it’s too close to call and remain sitting on the fence, unsure of what is happening with the future of our economy.
Even though 12% of respondents believe that we will definitely avoid a recession the real surprise came when only 41% of respondents believe that a recession is definitely on the cards.
Forty-once percent certainly appears a lot at first glance, but remember it still represents 59% who don’t believe that a recession is a certainty. When you consider that the majority of economists only 4 weeks ago thought a recession was a “Fait accompli” and our newspapers were full of recession predictions, the change in public opinion is fairly large.
We are certainly not out of the economic woods but have we seen a turnaround of sorts? Â The local property market has certainly turned around in the past 6 months, the stockmarket is showing better results and a lot of the retail statistics released have been very promising. So is the confidence returning?
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Tagged: gfc, recession, survey, Survey Results
