Business insolvencies hit a record high with more pain to come | The Business | ABC News

The International Monetary Fund has upgraded the global outlook on the back of unexpectedly strong growth in the US, but the fallout from Australia's economic slowdown is becoming clearer.
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New data from CreditorWatch shows the number of businesses in the hands of external administrators is at a record high, up by more than 22 per cent in the last year. The CEO Patrick Coghlan says conditions are set to decline further in the months ahead.

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