The Limited Times

Now you can see non-English news...

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.

The sudden shutdown of part of the economy of the planet, due to the pandemic of Covid-19, will lead to a violent global recession this year (-1.3%), predict economists of the credit insurer Coface. A first since 2009. In total, 68 countries could experience negative growth, down from 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 should jump 25% this year worldwide, anticipates the study published Monday by the credit insurer. This would be the largest increase since the 2009 financial crisis (+ 29%). " The credit risk of businesses will be very high, even if we place ourselves in

This article is for subscribers only. You still have 61% to discover.

Subscribe: € 1 the first month

cancellable at any time

Enter your email

Already subscribed? Log in

Source: lefigaro

You may like

News/Politics 2020-04-06T18:48:52.339Z
News/Politics 2020-04-08T13:51:53.351Z
News/Politics 2020-02-23T03:26:03.387Z

Trends 24h


news 2020/05/25    

© Communities 2019 - Privacy