Alvarez & Marsal (A&M) in collaboration with the Turnaround Management Association (TMA) Australia, has released its annual Turnaround Survey, revealing a complex and challenging landscape for Australian businesses. While cautious optimism is emerging, the survey underscores that the road to recovery is fraught with significant challenges, with many sectors still grappling with the lingering effects of economic turbulence.

The survey, which gathered insights from over 180 turnaround, restructuring, and insolvency professionals, paints a picture of a market in transition. While recession fears have eased, businesses are far from out of the woods, as inflation, debt, and sector-specific pressures continue to weigh heavily on the economy.

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