Just when the Australian dollar is starting to bounce back against the US dollar after dipping last year, the local market is now being hit by the fluctuations in the Chinese economy. This has knock-on effects for Australian businesses.
As Australias largest trading partner, Chinas economic troubles is putting some pressure on the insolvency landscape, as is the continuing slump in the commodities market, which makes up a large portion of Australias export volume. These forces are leading to an increased risk of insolvency rates in the Australian market, with some industry sectors facing more exposure than others.
After a sharp increase in Australian business insolvenci…
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