Original article by Matt Bell
The Australian – Page: 15 : 8-Jan-25

Data from the Australian Securities & Investments Commission shows that nearly 26,000 businesses have become insolvent since the May 2022 federal election, including a record 12,405 in the first 11 months of 2024. McGrathNicol’s executive chairman Jason Preston says corporate Australia is being affected by factors such as structural challenges in many sectors, high interest rates and the cost-of-living crisis. Preston expects businesses to continue to collapse in 2025, and notes that the eventual interest rate cuts will take some time to have a positive effect on the business sector and consumer sentiment.

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