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Stokes Downplays Economy Concerns

Guavy AI Editorial Team
Instruments
AUD
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Ryan Stokes, chief executive of industrial conglomerate SGH, has expressed optimism about the Australian economy's performance.

In a recent interview, Stokes stated that 'the economy's OK' and attributed any potential issues to politics rather than economic factors.

SGH delivered full-year earnings that missed consensus expectations and provided guidance for the 2027 financial year that also disappointed.

The Reserve Bank of Australia (RBA) has indicated a need for a slowdown in the economy, but Stokes' comments suggest he does not share this view.

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