SYDNEY, 20 October 2025 – Global professional services firm Alvarez & Marsal (A&M) in collaboration with the Turnaround Management Association (TMA) Australia, has released its annual Turnaround Survey, revealing a complex and challenging landscape for Australian businesses. While cautious optimism is emerging, the survey underscores that the road to recovery is fraught with significant challenges, with many sectors still grappling with the lingering effects of economic turbulence.