In most markets, insolvency rates have either returned to or surpassed pre-pandemic levels. This shift, coupled with a deteriorating economic environment, has led to relatively high insolvency figures in many regions. However, some countries continue to see insolvency levels below what they were before the pandemic.
Globally, insolvencies are expected to rise by 23% in 2024, followed by a slight decrease in 2025. In 2024, we anticipate significant increases in countries adjusting from low insolvency levels or facing sudden spikes, such as Australia, New Zealand, Sweden, Canada, the Netherlands, and the United States. Denmark is the only country expected to see a significant decline.
By 2025, the outlook is more stable, with insolvencies largely influenced by GDP trends. Some countries that saw insolvency spikes due to higher interest rates and weak GDP growth are projected to experience declines.
Learn more here: https://atradius.ca/reports/economic-research-insolvency-forecasts-september-2024.html
