Business insolvencies set to rise globally in 2022 — first time since Covid pandemic,

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Business insolvencies set to rise globally in 2022 — first time since Covid pandemic, research shows

• 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.
  
• Globally, business insolvencies are expected to jump 15% on year in 2022, the trade credit insurer said in a Wednesday report.
  
• Even with the expected increase in 2022, overall insolvencies will likely remain 4% lower than in 2019 — before Covid spread globally, said Euler Hermes.
  

Business insolvencies are set to rise in 2022 as governments withdraw support measures that have helped companies stay afloat during the Covid-19 pandemic, according to a new report by trade credit insurer 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.

Even with the expected increase in 2022, overall insolvencies will likely remain 4% lower than in 2019 — before Covid spread globally, said Euler Hermes.

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