Australian law firm Taylor David is predicting a wave of insolvencies across Australian business in 2023.
The company has warned that the number of companies facing financial headwinds is likely to be significantly larger than during the Global Financial Crisis (GFC) in 2008.
Partner Scott Taylor is foreshadowing that the financial uncertainty facing Australian businesses, across all sectors, is only just beginning.
In many ways, what weve seen over the last six months is the tip of the iceberg, Taylor said. “When you start seeing global banks getting anxious, being sold off or collapsing, its a clear indication of wider uncertainty, with more to come.
“What happens is that people become nervous and start selling down. Term deposits are …
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