Chanticleer

Top CEOs say economy’s soft landing on track

Australia’s top bosses think immigration should bring another year of economic growth, but believe 2024 is likely to be tougher than this year.

Dec 17, 2023 – 2.49pm

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Australia’s top chief executives almost unanimously expect the domestic economy to skirt a recession next year despite lingering inflation, pressure on household budgets and the prospect of a long monetary pause.

CEOs from the banking, mining, retail, property and industrials sectors expect Australia’s economy to slow in the coming year, which along with cost pressures could mean a tougher 2024 for business and pressure on planned investment.

James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine.

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.