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Australia’s leading companies are urging for urgent reforms as the Labor government, now with a stronger mandate, prepares for potential third-term challenges, particularly focusing on restoring productivity, which has hit fifty-year lows. At the Macquarie Australia Conference, executives like Shemara Wikramanayake of Macquarie and Rob Scott of Wesfarmers emphasized that government spending alone isn’t sustainable, stressing the need for structural changes in response to global trade shifts and the impact of tariffs. Additionally, CEOs highlighted the importance of enhancing productivity and adapting to economic pressures, with a focus on long-term growth strategies amidst current uncertainties.
