HomeBusinessBusiness Failures Reach Three-Year High Amid Economic Pressures

Business Failures Reach Three-Year High Amid Economic Pressures

Struggling Sectors Face Rising Failure Rates

A CreditorWatch survey shows business failure rates have hit a three-and-a-half year high, nearing 5%, with the food and beverage sector facing over 8%. 

Factors like weak consumer spending, high interest rates, and inflation are to blame. Experts predict tougher conditions before any recovery.

Source ABC

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