Part 1 of the 2023 edition of R+I In Brief explores restructuring and insolvency developments in Australia in FY22/23.
Overview
Despite the challenges flowing from increasing global inflation and supply chain disruptions, the Australian economy has to date remained resilient and a technical recession has been avoided in 2023. However, after many years of historically low interest rates, the Reserve Bank of Australia raised interest rates rapidly from April 2022 (12 rate rises and counting) as inflation became uncontrollable.
With consumer spending slowing, there remains a degree of uncertainty for Australias near-term economic outlook. Notwithstanding this tightening monetary environment, however, capital has remained available for oppor…
Read the full article at: https://www.gtlaw.com.au/knowledge/2023-ri-inbrief-setting-scene