It appears we are in a 5 year period of rising bankruptcies according to the latest Global Insolvency Report from Allianz Trade. The timeframe runs from 2022 to 2026 inclusive with global bankruptcies expected to increase by +6% in 2025 and +3% in 2026, following a +10% rise in 2024. If the trade war continues, bankruptcies will rise by +7.8% (2025) and +8.3% (2026).
Belgium saw more than 11,000 bankruptcies in 2024, setting a 10 year record. It will take some time to see a turnaround in the export focused country as it is on pace to see its economic growth cut in half and its share world trade fall even further. Find out why. Read the Global Insolvency Report.
