Is your favourite store next? Why businesses are going bust

Evgenia Dechter and Richard Holden of UNSW Business School argue that until inflation, the cost of living and interest rates are at more sustainable levels, businesses will continue to fail at higher rates, though they note that the higher level of insolvencies we are seeing currently is partially attributable to the surge in new business registrations since 2021, particularly by smaller firms with lower financial buffers.

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