From creditorwatch.com.au: Australian businesses are facing high insolvency rates, particularly in the Construction and Hospitality sectors, due to macroeconomic pressures such as rising prices, interest rates, and the Australian Tax Office’s debt collection practices post-COVID.

Global economic uncertainty, particularly related to the Trump administration’s tariff policies, presents additional risks for trade and investment, while slow population growth due to changes in immigration policy further compounds challenges.

Despite a slight improvement in trade payment defaults, the overall business and credit conditions are expected to remain difficult in 2025.