In its latest Global Insolvency Report, Allianz Trade reveals a more severe outlook for the global business landscape, with insolvencies projected to climb by +11% in 2024 – an even steeper rise than previously anticipated. The report highlights key trends and risks for businesses worldwide, as the global economy grapples with sluggish demand, ongoing geopolitical tensions, and uneven financing conditions.
US surge is noteworthy, but not unprecedented
The US is set to continue its sharp rebound in business insolvencies in 2024, with a projected increase of +31%, building on the +40% surge seen in 2023. This acceleration reflects a normalization phase as companies exhaust the buffers accumulated during the…
