Chanticleer
Rate rises will kill zombie firms, but there’s good news too
Zombie firms kept alive by low rates and government stimulus are in for a shock, but demand across the ASX still looks robust.
It’s been a long time since most Australian business owners and managers faced the challenge of navigating an environment of rising inflation and rising interest rates.
It’s part of the reason that ANZ chief executive Shayne Elliott believes Australia – and by extension the local banking sector – is staring into an era that will look very different to the past 30 years.
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