Business confidence flat

Confidence among 800 of Australia’s senior executives is beginning to lose steam, with more than two-thirds saying the Federal Government’s proposed tax changes will have limited impact on hiring and wage increases, according to illion’s latest Business Expectations analysis.

"Confidence levels remain historically strong, interest rates are the lowest they’ve ever been and the last time the Australian economy suffered a recession was a quarter of a century ago. Nevertheless, consumers are the linchpin of the Australian economy, and at present they don’t appear confident, which is in turn impacting the business outlook"
Simon Bligh, illion CEO

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