Australia sees ‘more than 10,000 Corporate Collapses in a Year’

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