Things will get worse for smaller retailers
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The ABC has published an interesting report on the rising failure rate among smaller retailers:
Data and analytics provider illion revealed 54,992 businesses went bust in Australia last financial year.
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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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