Measures to support business survival rates needed
ANALYSIS: It’s easy to start a business, but not so easy to keep it going, official figures show.
The gap between business births and business deaths narrowed last year, for the first time in a decade.
In essence, business births and deaths provide us with a snapshot of the economy's resilience and overall health. A high number of births often signals economic expansion, while a high number of deaths normally happens during economic downturns or increased competition in a specific sector.
The
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