In recent months, Ken Tryell and his team began working on an exercise to determine what economic metric is best aligned with Irish corporate insolvencies. Tyrell, a restructuring and insolvency specialist with the accountancy firm PwC, has maintained a running tracker of corporate insolvencies in recent years, producing quarterly reports on how many companies are going out of business and what sectors of the economy are struggling most. Tyrell’s team compared that data against a range of economic metrics, from GDP growth to consumer spending. However, the metric that best correlated with the rate of corporate failures was the unemployment…
