Credit insurers: we have survived so far, but bankruptcies in the world economy are coming by the end of the year

By: Trademagazin editor Date: 2020. 09. 04. 11:14
The number of bankruptcies in the global economy will increase by 26 percent this year – according to Atradius’s credit insurance analysis.

According to the study, fewer companies collapsed in the first half of 2020 than expected, mainly due to the freezing of bailout packages and bankruptcy proceedings in individual countries. If the quarantine rules remain or are further relaxed despite the second wave in the autumn, this will help the economy to recover, but it will also trigger a wave of bankruptcies. Bankruptcy proceedings have only been suspended temporarily in most countries.

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