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flag Western Australia sees business insolvency surge by 24%, affecting over 1,200 companies in 2024.

flag Western Australia saw a 24% rise in business insolvencies in 2024, with over 1,200 companies failing. flag Construction and hospitality sectors were hit hardest, accounting for nearly a third of the insolvencies. flag The surge is linked to the Reserve Bank's interest rate hikes and reduced consumer spending. flag Despite a recent rate cut, experts predict ongoing challenges for the state's businesses.

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