World Facing Bankruptcy Time Bomb



Governments around the world are scrambling to save companies battered by coronavirus lockdowns but the world is nevertheless facing a massive surge in bankruptcies by a third, a study conducted by a trade insurance firm said on Monday.
(NST) – “Covid-19 is creating an insolvency time bomb,” said the report by Euler Hermes, predicting a 35-per cent cumulative jump in the number of companies that go bust between 2019 and 2021.
The firm, which provides insurance for trade deals, said this would be a record for its global insolvency index – and that about half of the countries worldwide would be setting new highs since the 2009 financial crisis.
The biggest increase among the world’s economic powerhouses will be in the United States, with a 57 per cent jump in insolvencies in 2021 compared to 2019, before the coronavirus struck.
Bankruptcies are expected to soar by 45 per cent in Brazil, 43 per cent in Britain, and 41 per cent in Spain.
China is forecast to see a 20 per cent surge in bankruptcies.
In the United States, “the rapid spread of the virus is amplifying the trough in activity and generating a liquidity crisis for a larger set of companies”, said the report.
“We do not expect the U-shaped recovery in the US to be sufficient to offset all the legacies of the crisis on financial metrics, nor to prevent the rise in insolvencies from continuing into 2021,” it added.
The insolvencies are disruptive as other firms are left unpaid or forced to scramble to find new, often more expensive suppliers.
“The larger the company filing for bankruptcy, the higher the risk of a domino effect,” said the report.
Euler Hermes also warned of two scenarios in which bankruptcies could jump even higher.
A premature withdrawal of supportive economic and policy measures could push the rise in insolvencies to 40-45 per cent.
“And if the global economic recovery takes longer than expected, the surge” in insolvencies could rise to as high as 85 to 95 per cent, it added.


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

https://www.malaysia-today.net/2020/07/21/world-facing-bankruptcy-time-bomb/

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Guan Eng Anwar Got Time Off Why Pick On Me Says Najib

Guan Eng Anwar Got Time Off Why Pick On Me Says Najib

papar berkaitan - pada 21/7/2020 - jumlah : 586 hits
Najib Razak s court hearing was shortened last Thursday giving rise to criticism from opposition MPs PETALING JAYA Najib Razak this evening questioned the apparent double standard used by opposition MPs who criticised a shortened hearing of...
Nampak Penyu Time Snorkeling Di Pulau Timba Timba

Nampak Penyu Time Snorkeling Di Pulau Timba Timba

papar berkaitan - pada 20/7/2020 - jumlah : 514 hits
Percutian Ke Sabah Berenang Dengan Penyu Semasa Snorkeling Di Pulau Timba Timba Bestnya dapat berenang dengan penyu Mesti korang jeles tengok gambar ni terutama bagi yang selalu snorkeling Gambar ni diambil ketika snorkeling di pulau Timba ...
This Time Najib And Bung Not Way Off About Dr M

This Time Najib And Bung Not Way Off About Dr M

papar berkaitan - pada 19/7/2020 - jumlah : 345 hits
Francis Paul Siah MoCS Dr Mahathir Mohamad must have apologised many times for what he had described as his mistakes and wrong judgements during his time as the prime minister I can recall one particular occasion when he did so It was durin...
Time To Move On From Dr M

Time To Move On From Dr M

papar berkaitan - pada 21/7/2020 - jumlah : 502 hits
There s no need to beat on our chests and muddy the waters anymore There s no need to insult and disparage Let s move on the country needs healing Former youth and sports minister Syed Saddiq Syed Abdul Rahman on Zakir NaikReading all this ...
15 Fantastic Shabby Chic Sunroom For Any Time Of The Year

15 Fantastic Shabby Chic Sunroom For Any Time Of The Year

papar berkaitan - pada 26/7/2020 - jumlah : 477 hits
The sunroom can be a wonderful addition to any home even though it is considered by many to be nothing more than a simpler living room with more windows While that is partially true the The post appeared first on
Parliament Social Distancing For Friday Prayers To Be Maintained For Time Being

Parliament Social Distancing For Friday Prayers To Be Maintained For Time Being

papar berkaitan - pada 22/7/2020 - jumlah : 382 hits
Zulkifli says the social distancing rules among congregants performing Friday prayers will be maintained for the time being 8211 Bernama file photo KUALA LUMPUR The social distancing rules among congregants performing Friday prayers will be...
Cili Flakes First Time Buat

Cili Flakes First Time Buat

papar berkaitan - pada 17/7/2020 - jumlah : 560 hits
Walaupun Cili Flakes hampir sama dengan serbuk cili tapi tak serupa tau Cili flakes ditabur atas bihun sup maggie atau bubur nasi Tapi serbuk cili dimasukkan dalam masakan dan dimasak So itu bezanya cili flakes Dan suka hatilah nak tabur at...
Hutang Oh Hutang Peningnya Aku

Bayi Kembar Isteri Arwah Masdeh Rosmin Debaran Saat Kelahiran Cucu

Strawberry Manis

Ayam Goreng Berempah Dan Bab Sedekah Penghapus Dosa

Senarai Filem Tahun 2026

Makluman Gempa Bumi Lemah Di Perairan Batu Pahat Johor Pada 27 September 2025

Sabah Sarawak Parliamentary Seats Will Be Increased Says Anwar

Empat Kenderaan Terlibat Kemalangan Di Plaza Tol Bukit Kajang


echo '';
Info Dan Sinopsis Drama Berepisod Dendam Seorang Madu Slot Tiara Astro Prima

10 Fakta Biodata Amira Othman Yang Digosip Dengan Fattah Amin Penyanyi Lagu Bila Nak Kahwin

5 Tips Macam Mana Nak Ajak Orang Kita Suka Dating Dengan Kita

Info Dan Sinopsis Drama Berepisod Keluarga Itu Slot Lestary TV3

Bolehkah Manusia Transgender Mencapai Klimaks Selepas Bertukar


Tapau Chicken Tenders Ahmad S Fried Chicken Taman Cendana Pasir Gudang

Pohon Cermai Di Tepi Jalan

Ceramah Hidup Ini Kena Ikut Netizen Ke Hadis

Apa Itu Sumud Nusantara Dan Update Terkini

Arsenal Mahu Akhiri Sumpahan Newcastle Malam Ini

Govinda Mantan Terbaik Chord