www.ft.com/content/a02cb631-8ae4-4ac2-be45-edfa776ed75f
The world’s corporate sector has been hit by a wave of bankruptcies occurring at a double-digit pace unseen in decades, the Financial Times reported on Monday, citing data from national statistics offices.
Business insolvencies in the US saw a year-on-year surge of 30% in the 12 months through September, while in Germany, the EU’s biggest economy, the number of reported bankruptcies increased by 25% from January to September compared to the same period a year ago.
Across the EU, the number of companies going bust grew 13% in the nine months to September year-over-year, hitting an eight-year high.
www.rt.com/business/589318-global-bankruptcies-surge-financial-crisis/
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