Australia sees ‘more than 10,000 corporate collapses in a year’
Sky News Business Editor Ross Greenwood says pressure is mounting for Australia as “more than 10,000” corporate collapses have occurred in a year.
“We are on track for the first time in 11 years to have more than 10,000 corporate collapses in a year,” told Sky News host Peta Credlin.
“That equals job losses.
“If you start to have 10,000 small businesses going broke that is clearly going to be potentially a lot of job losses coming down the track for Australia.”
Mr Greenwood joined Ms Credlin to discuss speculation over rate cuts, construction industries, food services and more.
Credit to : Sky News Australia