Global business insolvencies to rise for third year running in 2024: study

BERLIN, Feb. 28 (Xinhua) -- Global business insolvencies in 2024 are to rise for the third year in a row, according to a study published by credit insurer Allianz Trade on Wednesday. The total number of cases is expected to increase by 9 percent year-on-year.

"Lower growth, trade disruptions, and geopolitical uncertainty set the stage for another acceleration in global business insolvencies in 2024," the study found. The United States, Spain, and the Netherlands are forecast to see the highest increases at around 30 percent.