Economic Downturns and Tech Challenges Top Concerns for Australian Executives
Economic Downturns and Tech Challenges Top Concerns for Australian Executives
0
The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.
Australian business leaders are increasingly worried about the potential for an economic downturn, which they have identified as the most significant threat facing the country in the next couple of years.
This insight comes from a wide-reaching survey conducted by the World Economic Forum, highlighting key concerns in the business sector.
The survey also ranks disruption to a critical supply chain as the second most concerning risk, followed by threats to crucial infrastructure. Emerging frontier technologies, such as quantum computing, and a decline in health and well-being also feature prominently as areas of concern. These findings were derived from responses gathered from over 11,000 executives across 116 economies, in partnership with Zurich and Marsh McLennan.
In the context of G20 economies, an economic downturn emerged as the leading risk. Other major concerns include inadequate public services and social protections, lack of economic opportunity or unemployment, inflation, and the spread of misinformation and disinformation. The survey underscores a prevailing concern over economic stability, coupled with technological and infrastructural vulnerabilities.
David Wainwright, Zurich Australia’s chief risk officer, highlighted the cross-border nature of these risks, pointing out the universal concerns surrounding economic downturns. He also noted the increased attention towards technological and health-related risks, marking a departure from prior concerns, such as climate change and environmental issues.
Zurich Group's chief risk officer, Peter Giger, commented on the rapid advancements in technology that are dramatically altering the risk landscape. He emphasised the emerging significance of misinformation, particularly as it ranks among the top five concerns in G20 countries. Notably, for the first time, Australian business leaders have identified negative outcomes from cutting-edge technologies as one of their top risks.
Giger further remarked on the overall strain on social infrastructure and the challenge posed by rapid AI innovation, which is currently outpacing regulatory frameworks. He warned of the precarious position many countries find themselves in, where the political and economic environments leave little room for error.
Published:Tuesday, 9th Dec 2025 Source: Paige Estritori
Please Note: If this information affects you, seek advice from a licensed professional.
Australian business leaders are increasingly worried about the potential for an economic downturn, which they have identified as the most significant threat facing the country in the next couple of years. This insight comes from a wide-reaching survey conducted by the World Economic Forum, highlighting key concerns in the business sector. - read more
In a significant leadership transition within Australia's banking sector, Nuno Matos, Chief Executive Officer of ANZ Group, has been appointed as the new chair of the Australian Banking Association (ABA) council. This appointment marks a pivotal moment for the ABA, an organisation that plays a central role in shaping industry policies, consumer protections, and regulatory frameworks across the nation's banking landscape. - read more
Loan Market Group's Asset Finance Exchange (AFX) has reported a remarkable achievement, settling approximately $80 million in its inaugural year. This milestone underscores the burgeoning growth of Australia's asset finance sector and highlights the platform's effectiveness in connecting brokers with asset finance specialists. - read more
Valiant Finance has reported a significant 20% increase in commercial finance settlements during the second quarter of 2025, highlighting a robust expansion in Australia's small and medium-sized enterprise (SME) lending landscape. This growth is predominantly driven by heightened activity in the healthcare, agriculture, and construction sectors, reflecting improved lender confidence and a resurgence in business investment across the nation. - read more
MotorCycle Holdings Limited (ASX: MTO), Australia's largest motorcycle retailer, has announced a record-breaking revenue of $650 million for the financial year 2025, representing an 11.6% increase from the previous year. This remarkable growth underscores the company's strategic initiatives and resilience in a challenging market. - read more
Stepping into the realm of commercial truck financing can be a highway riddled with complex terms and conditions. Understanding commercial truck loans is not only about getting the keys to a new vehicle; it's a crucial investment in your business's future. As a borrower, you need to navigate through the fine print to find a loan that fits like a glove. - read more
Trucks play a pivotal role in the Australian logistics and transport industry, serving as the lifeblood that keeps commerce flowing. The dependable rumble of engines crisscrossing the nation's highways is more than just a symbol of industry; it's a critical component of productivity and economic stability. Without these workhorses facilitating the timely movement of goods, the Australian market would face significant challenges meeting the demands of both businesses and consumers alike. - read more
When purchasing a truck, whether for personal use or business, navigating the financial landscape can be daunting. This is where pre-approval comes into play. But what exactly does pre-approval mean in the context of buying a truck? - read more
Small businesses that require regular transportation of goods may find it essential to purchase a truck. However, this acquisition can become a significant investment that requires careful consideration before making a decision. The two options available are buying or leasing a truck. In this article, we will explore the pros and cons of each option to help you make an informed choice. - read more
Buying a truck is a major investment, whether it's for personal use or business purposes. With the plethora of options available in the Australian market, it's important to consider various factors before making a purchase. Your specific needs, budget, lifestyle, and work requirements should be taken into account before making a decision to ensure the truck you buy fits your needs. - read more
Start Here
Get a free truck loan eligibility assessment and compare truck finance and leasing options
without accessing your credit file!!
Knowledgebase
Securities: Financial instruments that represent ownership in a corporation (stocks), a creditor relationship with a corporation or government (bonds), or rights to ownership (options).