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AAP
AAP
Jacob Shteyman

Restaurants on the brink as business failures plateau

Rising costs and weakened consumer spending has put hospitality businesses under pressure. (Mick Tsikas/AAP PHOTOS)

The future of many businesses struggling to stay afloat rests upon the Reserve Bank and Donald Trump.

Business conditions in Australia remain perilously difficult, with insolvency levels at record highs in April, CreditorWatch reported in its monthly Business Risk Index on Thursday.

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