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.

Simon Bligh, illion CEO

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“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