The US administration’s trade policy remains a downside risk, not just for trading partners, but also for the US economy itself.
Further insolvency decrease expected, but downside risks remain. After sharp year-on-year increases in 2008 and 2009, the number of corporate insolvencies has steadily decreased every year since. According to figures provided by the US Courts, the number of business bankruptcies filed in Federal Courts declined 2.5% year-on-year in 2016, to 24,114 cases, and preliminary numbers indicate a 4% decrease in 2017, due to the robust economic environment.
For more on the 2018 USA NAFTA Report visit: NAFTA Country Report USA 2018