Business failures expected to jump 25%

According to Coface, the global recession will lead to a boom in corporate bankruptcies around the world this year.

43578395 / Julien Eichinger – stock.adobe.com

The sudden shutdown of part of the planet’s economy, due to the Covid-19 pandemic, will lead to a violent global recession this year (-1.3%), forecast economists. credit insurer Coface. A first since 2009. In total, 68 countries could experience negative growth, compared to just 11 last year. France will not be spared. Monday, Bruno Le Maire, the Minister of Economy and Finance warned that the country could experience its worst recession since 1945! Coface also forecasts a sharp decline in international trade (- 4.3% after already – 0.9% in 2019).

In this particularly difficult context, business failures are expected to jump 25% this year worldwide, anticipates the study published Monday by the credit insurer. It would be the largest increase since the 2009 financial crisis (+ 29%). “The credit risk of businesses will be increasing sharply, even if we place ourselves in

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