New Zealand's business insolvencies surge, doubling last year's rates, though start-ups show resilience.

Business insolvencies in New Zealand are more than double the rate from last year and exceed levels seen during the global financial crisis. Cash flow issues are blamed, with lower margins and decreased sales affecting many businesses. However, start-ups are proving more resilient, surviving longer than a decade ago. The economist predicts the situation may start to improve next year as interest rates fall and consumer spending increases.

December 01, 2024
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