Tough start to 2025 ahead for Australian businesses

by

Ed.

From creditorwatch.com.au: CreditorWatch’s November Business Risk Index indicates a challenging start to 2025 for Australian businesses, particularly small businesses, with insolvencies up 57% and B2B payment defaults doubling over the past year.

The hospitality sector faces significant pressures, leading in business failure rates and tax debt defaults, amid stagnant consumer spending.

The outlook suggests that interest rate relief may begin in February, but the effects on insolvencies and payment defaults are expected to take time to materialize.

Filed under: Business Strategy & Tactics

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