Rising Business Bankruptcies in Australia and the United States Highlight Economic Challenges
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Rising business bankruptcies in Australia and the United States highlight economic challenges. Australia sees a 25-year high in bankruptcies, with construction and food services hit hardest. The Reserve Bank of Australia struggles to reduce interest rates due to intense cost pressures. In the US, corporate bankruptcies reach a 13-year high, with consumer discretionary sector hit hardest. Danielle DiMartino Booth warns of a corporate bankruptcy wave in the US, risking job losses. The surge in bankruptcies comes as Wall Street predicts rate cuts by the Fed. #EconomicChallenges #BusinessBankruptcies #Australia #UnitedStates...

#newstr #BusinessBankruptcies #EconomicChallenges #Australia #UnitedStates #InterestRates #SupplyChain #ConsumerSpending #FederalReserve #JobLosses 

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