‘We’ve been resilient until now’: Australia facing ‘enormous challenges’

Australian Industry Group’s CEO Innes Willox says there are “enormous challenges” facing the economy at the moment. “Inflation is up, interest rates are on the rise, there’s real continued supply chain blockages, concerns ongoing about the impact of Russia, Ukraine and a big part of that is energy costs,” Mr Willox said. “We’ve been resilient until now – we have a lot of challenges ahead and that’s probably where we need to focus.”