CEOs feeling more optimistic
Australian chief executives are feeling more optimistic about the length of the global economic crisis, with most believing it will be over within the next 12 to 18 months, according to a survey conducted by The CEO Institute.
According to the research, released today, 58 per cent of chief executives surveyed believe there will be a return to normal during 2010, with only 35 per cent expecting the business outlook to worsen this year.
Commenting on the survey outcome, CEO Institute chairman Ken Gunn said members were far more positive about the outlook than had been expected, with 27 per cent expecting their business outlook to improve by the end of this year.
He said members of the institute were critical of the Government's multi-billion stimulus packages and could not understand why more was not being done to reduce employment costs and to support keeping people employed.
"Members want to see more infrastructure expenditure and less consumer hand-outs," Gunn said. "This is the way to create long-term jobs."
Recommended for you
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.
With many advisers preparing to retire or sell up, business advisory firm Business Health believes advisers need to take a proactive approach to informing their clients of succession plans.
Retirement commentators have flagged that almost a third of Australians over 50 are unprepared for the longevity of retirement and are falling behind APAC peers in their preparations and advice engagement.
As private markets continue to garner investor interest, Netwealth’s series of private market reports have revealed how much advisers and wealth managers are allocating, as well as a growing attraction to evergreen funds.
 
 
							 
						 
							 
						 
							 
						 
							 
						

 
							