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Western Australia sees business insolvency surge by 24%, affecting over 1,200 companies in 2024.
Western Australia saw a 24% rise in business insolvencies in 2024, with over 1,200 companies failing.
Construction and hospitality sectors were hit hardest, accounting for nearly a third of the insolvencies.
The surge is linked to the Reserve Bank's interest rate hikes and reduced consumer spending.
Despite a recent rate cut, experts predict ongoing challenges for the state's businesses.
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Australia Occidental ve un aumento de la insolvencia empresarial en un 24%, afectando a más de 1.200 empresas en 2024.