Business Council of Australia CEO Jennifer Westacott says it is not time for the government to 'kick the can down the road' on productivity changes in the hope of boosting economic recovery.
Business Council of Australia Chief Executive Officer Jennifer Westacott has advised against “kicking the can down the road” as she called on the government to implement short-term responses to rebuild the economy.
Business Council of Australia Chief Executive Officer Jennifer Westacott appeared alongside at Australia’s Economic Outlook luncheon on Wednesday. Picture: Supplied Mr Chalmers said the current situation gave Australia a “really big opportunity” to create a stronger economy once the “choppy waters” are navigated.
“I think surely the time for kicking this down the road any further on those big productivity changes we need to make,” she said.The Business Council leader outlined what productivity changes she wanted to see to help the economic response which has been stalled by high levels of inflation, Tuesday's rate rise from the Reserve Bank of Australia and record national debt.
“Manage the transition properly, rather than argue about whether you need to have it or not. And then obviously, make sure we bring the community with us,” she said.
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