Positive outlook for businesses

QUIZZED about your impressions regarding an economic downturn, Coffs Coast Advocate readers have indicated they are hopeful better times for small business will eventually prevail.

Our online survey has given some interesting clear-cut results.

It was run to assess the community's reaction to Wednesday's story where small business owner Peter Farquhar said 2011 has been his toughest year of business since the early 1980s.

Overwhelmingly, it was agreed local household budgets have been tightened since the Global Financial Crisis - 72% answered yes, 18% marginally and just 9% no.

On the question: How optimistic are you the economy will bounce back in the short-term? One hundred poll respondents answered, Very Optimistic - 3%, Mildly Optimistic - 21%, Not Optimistic - 75%.

Most thought it would improve in the long-term: Very Optimistic - 24%, Mildly Optimistic - 48%, Not Optimistic - 27%.

The majority of readers said they support small business where they can, but in this current climate cheaper deals online were often too irresistible to pass up.

Asked if a change of Federal Government would help the Australian economy? You responded: 64% Yes, it's time for Julia Gillard to go; 5% undecided; and 30% No, Tony Abbott would not help the situation.

Take part here.

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