The media is alive with excitement today over an annual AIG survey of CEOs:
Ai Group’s annual Business Prospects survey reveals that Australian CEOs are more optimistic heading into 2018 than they have been for any year since 2012. This has built on an actual performance in 2017 that exceeded CEO expectations of a year ago.
This shift in CEO outlook echoes the displacement over the course of 2017 of the ‘slower for longer’ view of broader economic performance with more positive forecasts for Australian an global GDP growth by the RBA, the OECD, the IMF and others. In the latest Business Prospects survey:
The full text of this article is available to MacroBusiness subscribers
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
