Aussie firms 'have an incredibly bright future'
The latest Reserve Bank of Australia business confidence survey indicated that companies are slightly more optimistic about the state of the economy, but many are still adopting a cautious approach when it comes to borrowing money.
Smaller enterprises are being increasingly careful with their business banking options, as they are wary of being saddled with excessive arrears should the nation's economy take a sudden turn for the worse.
However, head of the Federal Treasury Martin Parkinson has urged companies and the Aussie on the street to be less pessimistic about their future financial situation.
Indeed, he said that the current negative mindset is being "overdone" by the country's population.
"It's almost as if most Australians seem to think we live in Greece – we don't. I mean we actually have an incredibly bright future ahead of us," he remarked.
He said that every effort has been made by the government to protect Aussie firms against the high dollar, but there is only so much it can do because of influences outside the country.
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