After two gradual rebounds in 2022 and 2023 , global insolvencies are set to accelerate again in 2024 before stabilising in 2025 at high levels.
Throughout the year, all quarters reported fewer insolvency cases compared to the previous year, indicating a consistent downward trend. One of the key obstacles hindering growth is the lack of reliable electricity supply and logistics networks, which have been identified as the country’s top risk in the Allianz Risk Barometer. This ongoing issue continues to impede businesses and households from reaching their full potential.
As expected, 2023 recorded a high-speed and broad-based rebound in business insolvencies and 2024 started with insolvencies above pre-pandemic levels in most advanced economies. The number of business insolvencies rebounded in three out of four countries in 2023, with most recording a double-digit increase. There were sharp rises in the US and in the Eurozone , with the Netherlands , France and Germany on the front lines.
Lower growth, trade disruptions and geopolitical uncertainty set the stage for another acceleration in global business insolvencies in 2024. Allianz Trade expects a third escalation in a row this year , fueled by a continuing increase in four out of five countries. The largest increases are expected in the US , Spain and the Netherlands .
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ITOnlineSA - 🏆 16. / 63 Read more »
Source: ITOnlineSA - 🏆 16. / 63 Read more »
Source: ITOnlineSA - 🏆 16. / 63 Read more »
Source: ITOnlineSA - 🏆 16. / 63 Read more »
Source: ITOnlineSA - 🏆 16. / 63 Read more »
Source: ITOnlineSA - 🏆 16. / 63 Read more »