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CreditorWatch Blog: Page 2

What are zombie companies and how do you identify them?

What are zombie companies and how do you identify them?

Reading Time: 4 minutes The term ‘zombie company’ has been around since the late ’80s when the Japanese economy collapsed, and banks propped up many large corporations that would have otherwise failed. It has come to refer to any business that is so debt laden that it is only able to pay the interest on its loans, not the […]

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Mid-Year Economic and Fiscal Outlook (MYEFO) 2021-22

Mid-Year Economic and Fiscal Outlook (MYEFO) 2021-22

Reading Time: 2 minutes Commenting on today’s Mid-Year Economic and Fiscal Outlook (MYEFO) 2021-22, CreditorWatch Chief Economist, Harley Dale, says: The Mid-year Economic and Financial Outlook (MYEFO) presents a predictably optimistic update for the year ahead for Australia. This time last year bookings for cruise holidays in 2021 were soaring because of the belief that the worst of COVID-19 […]

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Talking Tech: How to build a Business Risk Index, Part 3

Talking Tech: How to build a Business Risk Index, Part 3

Reading Time: 7 minutes Building the model In this four-part series, CreditorWatch Software Architect Developer, Juanjo Lainez Reche, takes you through the development of the Business Risk Index – one of the most complex and ambitious projects ever undertaken by the company. In my first article I outlined how we built the master datasets and our online transaction processing platform (OLTP), which fuels […]

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The latest NAB business results aren’t that bad

The latest NAB business results aren’t that bad

Reading Time: < 1 minute CreditorWatch’s chief economist, Harley Dale, comments on today’s NAB Business Confidence Index. November’s results saw a significant drop to a level of 12, from a downwardly revised 20 in October 2021: The latest NAB business results aren’t that bad “One might be forgiven for thinking that the result for the November NAB Business Confidence Index […]

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The dynamics of the Australian economy are rapidly changing

The dynamics of the Australian economy are rapidly changing

Reading Time: 4 minutes As lockdown restrictions are eased in key states, Australia faces the prospect of a strong economic bounce-back in the December 2021 and March 2022 quarters. There is no shortage of challenges ahead, but we don’t lack opportunities either. The September 2021 quarter result for Gross Domestic Product (GDP) will look plain awful. A hefty contraction in economic activity that encompasses a period when over half […]

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CreditorWatch data: Recovery to take longer than expected; Perth and Brisbane bouncing back quickest

CreditorWatch data: Recovery to take longer than expected; Perth and Brisbane bouncing back quickest

Reading Time: 8 minutes SYDNEY, Wednesday 8 December – The November 2021 CreditorWatch Business Risk Index (BRI) has revealed that business activity around Australia is currently weaker than expected, indicating that the return to pre-COVID levels is now likely to take longer than many pundits had anticipated. The data also showed a jump in defaults, external administrations, payment arrears […]

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Industry Synopsis for CreditorWatch’s November 2021 Business Risk Index

Industry Synopsis for CreditorWatch’s November 2021 Business Risk Index

Reading Time: 5 minutes The latest CreditorWatch Business Risk Index covers November, the first month since May where Australia has been relatively lockdown free. The CreditorWatch Business Risk Index (BRI) provides unique insights into the health of Australian businesses by region and industry. Data from CreditorWatch for November highlights that across businesses and regions, you can’t just flick a […]

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Food wholesalers hit by supply chain disruptions and risk from hospitality businesses

Food wholesalers hit by supply chain disruptions and risk from hospitality businesses

Reading Time: 2 minutes Food wholesalers across Australia are confronting international supply chain disruptions and price rises just as business picks up following the extended lockdowns in Melbourne and Sydney that obliterated profits over the past 18 months. The sector was heavily impacted by the forced shutdowns in the hospitality industry due to the pandemic. But now that lockdowns are over, the industry’s woes are being exacerbated by significant COVID-related supply chain disruptions arising […]

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How data can help you make better decisions and reduce credit risk

How data can help you make better decisions and reduce credit risk

Reading Time: 4 minutes How data can help you make better decisions and reduce credit risk In the digital age, data has become a key driver of growth, with insights guiding businesses to success. The financial services sector is heavily reliant on data, with banks, insurance companies and any organisations who deal in risk seeking to bolster their modelling and reduce defaults. Channelling rich, […]

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