Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Australian PM's popularity slips in poll as tight election looms

Published 05/21/2016, 05:32 AM
Updated 05/21/2016, 05:41 AM
© Reuters. Australian Prime Minister Malcolm Turnbull stands outside Australia's Parliament House in Canberra May 4, 2016 following the announcement  Australia's 2016-17 Federal Budget

MELBOURNE (Reuters) - Australian Prime Minister Malcolm Turnbull's popularity has fallen, just over a month before what is expected to a closely fought election, a an opinion poll published on Saturday showed.

Turnbull's conservative government remained neck and neck with the center-left Labor Party in the Ipsos poll, which showed the government leading with 51 per cent support to Labor's 49 per cent.

However, Turnbull's personal popularity as preferred prime minister fell four percentage points to 47 per cent, which is still above opposition leader Bill Shorten at 30 per cent.

Australians will vote on July 2 after an unusually long 74-day campaign.

Turnbull, considered a moderate in the conservative Liberal Party-led coalition government, had enjoyed high levels of popularity since he deposed his right-wing predecessor, Tony Abbott, in an internal party coup in September.

"Turnbull was expecting to run rings around Labor in this campaign and instead Labor have him in their sights," said Peter Chen, a political scientist at Sydney University.

"He would be a very nervous man this morning."

The election comes as Australia is trying to rebalance its economy away from a once-in-a-generation mining boom.

The economy, which remained relatively unscathed by the global financial crisis, has started to show signs of a slowdown in recent years.

Economic issues such as tax and the funding of education and health care have been front and center in the campaign, as well as the hot-button issue of asylum seekers and border protection.

© Reuters. Australian Prime Minister Malcolm Turnbull stands outside Australia's Parliament House in Canberra May 4, 2016 following the announcement  Australia's 2016-17 Federal Budget

Australia has seen a revolving door of political leadership in recent years. If Turnbull loses on July 2, the change in prime minister would be the fifth since 2010.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.