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Businesses believe in global recovery: poll

More than two-thirds of private companies believe the global economy is on the recovery path, according to a poll conducted by global consultancy KPMG.

Seven from 10 businesses surveyed not only believed in the recovery but even more were planning to expand their businesses, with two-thirds looking to hire more staff.

Many were also preparing for a skills shortage with 40 percent using skilled visa applications, an increase on 30 percent in 2009. Employers also looked to upskilling existing workers rather than hiring new people, noted KPMG’s head of private enterprise Marco Di Sebastiano.

Last year’s results were comparatively dire, with just two percent of non-listed firms in Australia holding a positive economic view.

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Adeline Teoh

Adeline Teoh

Adeline Teoh is a journalist with more than a decade of publishing experience in the fields of business, education, travel, health, and project management. She has specialised in business since 2003.

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