Australia’s opposition Liberal-National coalition has been in front for all of the campaign so far, and is widening its lead, according to a Herald-Nielsen poll published in the Sydney Morning Herald newspaper Saturday:
- Support for the coalition rose to 53 percent on a two-party preferred basis (from 52 percent two weeks earlier), putting the ruling Labour party down one point to 47 percent
As I’ve said before, market perceptions are that a win for the current opposition will give a sentiment boost, which should be a positive for the economy (at least in the short-term), and that the market also wants to see a clear win for a majority government. The current Australian government is a minority government, and has run a full 3 year term in government with support from a handful of independents
