Australian businesses are teetering towards an insolvency cliff, as rocketing interest rates cause companies to miss payments at a record rate.
Business to business trade payment defaults jumped to a high of 1586 in June a 52 per cent increase on the previous year according to the latest CreditorWatch business risk index.
The data shows bus…
Read the full article at: https://inqld.com.au/business/2023/07/12/high-rates-and-defaults-pushing-businesses-closer-to-an-insolvency-cliff/