Bankruptcies Up 16% | 2020 Recession Update

#Recession #Economy #HeiseSays

Bankruptcies are up nearly 16% as some Mortgage Holidays come to an end, Jobkeepers is removed and the Jobseeker bonus is reduced. Are we starting to see the impact of the 2020 Recession?

Reference

https://www.afsa.gov.au/about-us/newsroom/new-data-shows-importance-businesses-manage-risk-when-providing-goods-credit

https://www.savings.com.au/savings-accounts/bankruptcies-up-16-as-deferrals-jobkeeper-rate-wound-back