Centro de Documentacion de Fundación MAPFRE - Insolvencies continue to adjust back to pre-pandemic levels : September 2023

MAP20230019306

Insolvencies continue to adjust back to pre-pandemic levels : September 2023. — Madrid : Crédito y Caución. Atradius, 2023

8 p. . — (Economic Research)

Sumario: The increase in insolvencies continues at an accelerated pace in 2023, followed by a more tempered increase in 2024. In 2023, the increase is driven by normalisation after the pandemic and the bankruptcy of zombie firms. Less government support longside tighter lending conditions create a challenging environment for companies globally. We expect the sharpest rising business failures in Hong Kong (68%), Netherlands (52%), United States (51%), South Korea (45%) and Italy (45%), since in all of these markets the return to normal is yet to take place. For 2024 we still see a global increase in insolvencies mainly driven by a minority of markets that started the post-Covid adjustment later or did not start yet or has started later. We expect the sharpest increases for Singapore (49%), Poland (43%), Italy (42%), Netherlands (39%) and United States (35%). Nonetheless, for the majority of markets the level of insolvencies stabilizes. — Ámbito geográfico: Internacional

1. Datos macroeconómicos . 2. Análisis económico . 3. Recuperación económica . 4. Insolvencia . 5. Crecimiento económico . 6. Pandemias . 7. Resiliencia . 8. Perspectivas económicas . I. Atradius Crédito y Caución S.A. de Seguros y Reaseguros . II. Título.