A recent study reveals an unexpected trend in global insolvencies, challenging initial forecasts that these figures would stabilize. Crédito y Caución suggests a shift in the scenario, influenced by the international landscape.
The credit insurance company predicts that insolvencies could remain at the levels anticipated for 2024 or potentially increase by 6% globally.
Within the European Union, insolvencies are expected to grow by between 1% and 5% this year, largely depending on the consequences of ongoing trade conflicts.
In 2024, insolvencies surged by 19% due to economic conditions, rising production costs, higher interest rates, and the rollback of government support measures that were introduced during the pandemic.
In the short term, companies might encounter more stringent credit access due to the prevailing economic uncertainty.
Overall, the study indicates that businesses could benefit from more favorable financing conditions in 2025, despite significant downside risks lingering due to political uncertainties.
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