2021 : a turn of the tide in insolvencies

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      <subfield code="a">Corporate insolvencies continued to decrease in 2020, despite the sharp decline in GDP. This discrepancy is driven by temporary adjustments to insolvency laws and fiscal support  packages. As support measures are phased out, global corporate insolvencies are forecast to increase by 26% in 2021. The percentage increase of insolvencies in 2021 is highest in Australia, France, Singapore and Austria, all countries that had strong government measures in place in 2020. As these measures will be gradually phased out, this will drive insolvencies up. </subfield>
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