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Insolvencies projected to rise post-Brexit

Brexit creates ‘fragile economic climate’ for insolvency levels

Next year is forecast to have the weakest performance, in terms of decreasing corporate insolvencies, in advanced markets since 2009.

The insolvency forecast finds that insolvencies in the UK are projected to rise by two percent in 2016 and by three percent in 2017.

Warnings that Brexit is likely to weigh on confidence in many advanced markets has created financial market volatility; the Eurozone insolvency level (of what) is already 68 percent higher than it was in 2007.

This economic report has been published by trade credit insurer Atradius.

Read the full report here

 

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