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Mark Bouris warns Australia faces recession as 1700 small businesses collapse
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Mark Bouris warns Australia faces recession as 1700 small businesses collapse
Australian businessman and finance expert Mark Bouris has warned Australia is “definitely” heading towards a recession as nearly 1700 small businesses collapsed following the Reserve Bank’s March interest rate rise. New insolvency data shows 625 NSW businesses flagged restructuring or closure since the March 17 rate increase, alongside 500 in Victoria, 325 in Queensland and hundreds more across other states and territories. Bouris, managing dire…
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