Categories
Recession

Borrower Defaults Causing Business Closures | 2020 Recession Update

The RBA is warning that a Surge in Borrower Defaults will cause a surge in Business closures.

#Recession #Economy #HeiseSays

Watch on YouTube

The RBA is warning that a Surge in Borrower Defaults will cause a surge in Business closures. The recession hasn’t even started yet.

References

RBA warns of’ ‘substantial’ business failures and borrower defaults as stimulus is wound back, ASX runs out of steam

https://www.abc.net.au/news/2020-10-09/share-market-wall-st-dow-jones-asx-aud-wrap/12746464?section=business