The trade credit insurer expects a sharp increase in global insolvencies for 2023, as survival is made more difficult for businesses around the world.
Atradius was featured in CTRM Center's article about post-pandemic insolvencies. Atradius predicts a significant surge in global insolvencies for 2023 as pandemic-related government support is withdrawn and economic challenges persist. Countries like South Korea, Italy, Hong Kong, New Zealand, the Netherlands, and the US are expected to experience high levels of bankruptcies. North America is projected to see a 71% increase in insolvencies, while Asia Pacific and Europe are expected to experience increases of 56% and 27% respectively.
Read more in the full article here.