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Business insolvencies climb 41% and could get worse, report suggests

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A new report found business insolvencies climbed more than 40 per cent in the fourth quarter of 2024 and could go even higher as many businesses are now stuck repaying pandemic loans.

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Business Insolvencies Expected to Remain Elevated in 2024Experts predict that business insolvencies will continue to be high in 2024 as the economy recovers from historically low levels during the pandemic.
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