CEO PULSE: Snapping the wallets shut

Australian CEOs are holding back on spending over underlying nervousness on profits. But instead of lifting productivity, they're betting lower rates will help them cope with higher costs.

On the surface, Australian CEOs are becoming more optimistic. But behind that optimism are some deep concerns and a major gamble.

In the latest quarterly CEO Pulse survey, Australian CEOs have slashed their capital spending forecasts, which is an ominous sign.

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