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AAP

Business

Poppy Johnston

Inflation, slowing demand ramps up business risks

CreditorWatch Interest Rates

Payment defaults lifted 30 per cent over the 12 months to February while credit enquiries doubled. (James Worsfold/AAP PHOTOS) (AAP)

Business-to-business trade payment defaults have surged as firms struggle with cash flow under challenging conditions.

CreditorWatch's monthly business risk report shows payment defaults have lifted 30 per cent over the 12 months to February and credit enquiries have soared 102 per cent.

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