Business insolvencies at post-pandemic high as higher rates and energy costs add to inflation pain

Colombia Noticias Noticias

Business insolvencies at post-pandemic high as higher rates and energy costs add to inflation pain
Colombia Últimas Noticias,Colombia Titulares

A 16% leap in the number of corporate insolvencies last month follows warnings from business groups that rising costs have become unbearable, with many firms choosing to throw in the towel

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 67%

Why no economic growth is a problem

David Kelly, head of insolvency at accountants PwC, said:"Businesses are struggling to secure financing and pay off their loans due to high interest rates and the wider impact inflation and consumer sentiment is having on sales and cash flows." PwC suggested some of the hardest-hit sectors, such as hospitality, would likely see pressures ease due to stronger sales as the weather improved.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

SkyNews /  🏆 35. in CO
 

The caring Tory government folks

Colombia Últimas Noticias, Colombia Titulares



Render Time: 2025-01-16 10:25:16