More and more Australian businesses are facing insolvency risk as trade payment defaults reached a record high in June due to the impacts of inflation and interest rate hikes. According to a new report by CreditorWatch, a credit reporting agency, business-to-business trade payment defaults rose to 1,586 cases in June, up 52 percent from a…
More Australians Expect Interest Rates to Rise Sharply Over the Next year
May 11, 2022
admin
AustraliaBusiness & EconomyCreditorWatcheconomic policieseconomyinflationNational Skills CommissionReserve Bank of AustraliaWorld
0 Comment
An increasing number of Australians are mentally prepared for a significant interest rate hike after the Reserve Bank of Australia (RBA) lifted the cash rate for the first time in more than a decade. According to the Westpac-Melbourne Institute consumer sentiment survey for May, over three in four respondents (77 percent) anticipated mortgage interest rates…
Australian Economic Outlook Overshadowed by Inflation and Default Risk: Report
Credit reporting agency CreditorWatch has warned that increased insolvency risks will remain in the Australian economy in the short to medium term despite the recovery of business activity from the COVID-19 pandemic. In its business risk report for March 2022, CreditorWatch found that court actions reached their highest level since March 2021 and trade payment…
Interest Rate Rise to Put Extra Pressure on Struggling Australian Businesses
Small businesses across Australia would have to endure extra pressure after a tough start to 2022 due to the Omicron variant if banks raise their interest rates, CreditorWatch found. The Australian credit reporting agency said that the latest results of its monthly business risk index projected a gloomy prospect for the business community and suggested…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`