Despite misgivings about the government's economic management
there has been a significant upturn in public attitudes towards the
economy over the last 12 months.
In December 2011, 58% of people thought the economy was in a
worse condition than it was 12 months earlier, whilst only one in
twenty (5%) thought it was improving. Fast forward a year and the
proportion who thought the economy is still deteriorating has
fallen to 34%, whilst the number saying it has improved has more
than doubled to 13%.
A majority of people (52%) still feel the economy has neither
worsened nor improved over the last year, suggesting that though a
corner may have been turned and the economic situation
stabilised, the country is still a way off a full
Looking to the future, 20% believe the economy will be doing
better in twelve months time; double the proportion who said the
same in December 2011 (10%). Over the same period the proportion
saying they expect the economy to worsen further has fallen from
37% to 22%. Reinforcing a prevailing sense that the worst may be
behind but a recovery is not on the immediate horizon, 58% still
expect the economy not to improve over the next year.
Download the full December public opinion monitor below.
Source : TNS