Allianz Trade: Global insolvencies are expected to rise by +10% in 2022 and +19% in 2023


The high energy bill, rising interest rates and wages will weigh heavily on corporates’ profitability and cash flows.

The current fiscal support is reducing the rise in insolvencies by more than -10pp over 2022 and 2023 for all the largest European economies. However, additional support will be essential to absorb the shock if the energy crisis and the recession worsen.



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