Business insolvencies are set to rise in 2022 as governments withdraw support measures that have helped companies stay afloat during the Covid-19 pandemic, research by Euler Hermes found.
Even with the expected increase in 2022, overall insolvencies will likely remain 4% lower than in 2019 — before Covid spread globally, said Euler Hermes. Globally, business insolvencies are expected to jump 15% on year in 2022, Euler Hermes said in a Wednesday report. That projected increase follows two consecutive years of decline: insolvencies dropped 12% on year in 2020 and is forecast to fall by another 6% in 2021, said the insurer.
If they really want to see this country boom give every citizen a stimulus check . 2000 every month for 2 years . U can help the business al u like but if people don’t have money they can’t sell what people can’t afford .