Restaurants on the brink as business failures plateau

Business conditions in Australia remain challenging, with record-high insolvency levels reported by CreditorWatch. Despite this, the economy may be improving as interest rates decline following inflation returning to the RBA’s target band, although sectors like hospitality face significant pressures. While tax cuts and support have aided consumer recovery, the impact of global trade disruptions and Trump’s tariffs threaten to prolong elevated insolvency rates in the near term.