KPMG survey reveals Australian CEOs confident of economic improvement

KPMG CEO Andrew Yates has revealed some of the big economic pressures that chief executives are currently feeling at the moment. Mr Yates joined Sky News Business Reporter Ed Boyd to discuss KPMG's annual CEO survey that revealed one in two CEOs are expecting weak growth, many are investing in Generative AI, most believe office workers will be back full-time within three years, and ESG expectations are a major focus. “I think it really is around where growth is going to come from and how we are going to achieve productivity gains,” Mr Yates said. “The survey caught out to us, interestingly though, that 86 per cent of Australian CEOs have a high degree of confidence about growth prospects for their company over the next three years. “So I thought that was pretty interesting in a pretty low economic environment where at the moment there still is a degree of confidence about the way forward, albeit the growth rates people are thinking about are probably pretty low, around 2 .5 per cent. “But it really is about how do we try and achieve productivity gains and come out of this low growth environment.”