Cost-of-living reduced ad spend by AU $2B (~USD $1.28B) and is driving a wave of business outsourcing

Cost-of-living increases in Australia reduced ad spending by nearly AU$2 billion (~USD $1,284,060,000) and is now causing many Australian businesses to source from overseas suppliers. A new study by Money Transfer Comparison found that 51% of businesses planned to do so in the next 12 months.