Economy Business failures expected to jump 25%

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

This article is for subscribers only. You have 61% left at
        discover.

Subscribe: € 1 the first month

cancellable at any time

.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

between vaccine and treatment, the promising avenue for artificial antibodies

DECRYPTION - Dozens of molecules generated by the body to fight infection have been identified and could be put...

News in video: BGH confirms: VW must compensate diesel buyers

Watch the video: Federal Supreme Court awards compensation to VW diesel buyers.Buyers of manipulated diesel cars are generally entitled...

According to lawyers, the government regards Ahmaud Arbery’s death as a hate crime

According to lawyers from the victim's family, the U.S. Department of Justice is launching an investigation into the death...

Sneaker sales on Zappos Memorial Day end this evening – save a lot at Skechers, Nike, New Balance and Converse

Yahoo Life strives to offer you the best products at the best prices. We may receive a percentage of...

Must read

between vaccine and treatment, the promising avenue for artificial antibodies

DECRYPTION - Dozens of molecules generated by the body...

News in video: BGH confirms: VW must compensate diesel buyers

Watch the video: Federal Supreme Court awards compensation to...

You might also likeRELATED
Recommended to you