Globally, business insolvencies are expected to jump 15% on year in 2022 following two consecutive years of decline, said trade credit insurer Euler Hermes.
Business insolvencies are set to rise in 2022 as governments withdraw support measures that have helped companies stay afloat during the Covid-19 pandemic, research by Euler Hermes found.
Even with the expected increase in 2022, overall insolvencies will likely remain 4% lower than in 2019 — before Covid spread globally, said Euler Hermes. Globally, business insolvencies are expected to jump 15% on year in 2022, Euler Hermes said in a Wednesday report. That projected increase follows two consecutive years of decline: insolvencies dropped 12% on year in 2020 and is forecast to fall by another 6% in 2021, said the insurer.
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