Economic distress indicators – June 2024

The team at KPMG reports that their most recent statistics pack presents an Australian economy teetering on the brink of a recession, with a persistent inflation problem and elevated insolvency levels, though they point out that the current level of insolvencies is well below historical levels after accounting for the fact that the number of companies has increased from just over two million a decade ago to 3.3 million today.

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