- Advantage running out and penalties looming: Most countries are seeing double-digit rebounds in business insolvencies as excess cash dwindles, leaving the most vulnerable corporates caught between a rock and a hard place in 2023.
- Into the scrum: The ongoing profitability squeeze will challenge corporate liquidity and solvency, while financing is set to remain costlier and less available.
- Delayed kick-off: Despite the looming deterioration in payment terms, we do not expect any significant changes in insolvency frameworks in the coming two years that would help fend off rising business insolvencies.
- On the bounce: We expect a back-to-back acceleration in global business insolvencies (+6% in 2023 and +10% in 2024).
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