The International Monetary Fund has upgraded the global outlook on the back of unexpectedly strong growth in the US, but the fallout from Australia's economic slowdown is becoming clearer.
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New data from CreditorWatch shows the number of businesses in the hands of external administrators is at a record high, up by more than 22 per cent in the last year. The CEO Patrick Coghlan says conditions are set to decline further in the months ahead.

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