Six out of 10 see no upturn in economy over next 12 months

PUBLISHED : Thursday, 01 November, 2001, 12:00am
UPDATED : Thursday, 01 November, 2001, 12:00am

Six out of 10 people have no confidence in the economy improving in the next 12 months, according to a government survey.

The survey, commissioned by the Home Affairs Bureau in relation to last month's Policy Address, found 34.6 per cent rated the economy in the next 12 months as poor.

It was rated very poor by 27.3 per cent and 22.2 per cent said it would be all right.

The current economy was rated poor or very poor by 82.7 per cent.

Chief Executive Tung Chee-hwa has announced a $15 billion package of new jobs, modest tax relief and business-friendly measures to relieve economic pain and revive the economy.

A total of 1,015 people were interviewed between October 26 and 28 by the Hong Kong Institute of Asia-Pacific Studies at Chinese University, a government-commissioned pollster.

The survey found 90.3 per cent of respondents said further measures to improve the unemployment situation were 'very much needed, or needed'.

Also, 48.5 per cent supported the measures and proposals in the policy speech while 25.5 per cent did not support them. Mr Tung's fifth blueprint was acceptable to 54.7 per cent and unacceptable to 22.7 per cent.

Half said the policy of 'one country, two systems' had been successfully implemented and 32 per cent said it was unsuccessful.

The survey recorded high public support ratings for specific initiatives in the Policy Address, such as the recruitment of more native English-speaking teachers and the creation of 30,000 jobs.

But on overall education policy, 45.4 per cent were dissatisfied and 11 per cent very dissatisfied. Only 31.8 per cent were satisfied.