Business
What recession? CEOs are upbeat, KPMG finds – The Australian Financial Review
Business bosses are in the main upbeat about their prospects coming out of the coronavirus pandemic despite being overwhelmingly pessimistic about the overall state of the domestic and global economy.
“I think there’s real resistance to raising more revenue through company tax and personal tax,” Mr Bird said.
Among the 81 company bosses surveyed a group comprised of the CEOs, CFOs and managing directors of large private companies and listed entities below the S&P/ASX 200 Index 58 per cent said the impact of COVID-19 on their business had been either neutral (37 per cent) or positive (21 per cent).
Yet the vast majority also said the hit on the overall economy had been negative, and 65 p…
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