Allianz Trade names ASEAN chief
Nov 16, 2022
Global insolvencies to rise 21% in 2023 – Allianz Trade
The latest report by trade credit insurer, Allianz, paints a gloomy picture for global corporates, although Asia-based firms will fare comparatively better.
Allianz Trade has released its latest Global Insolvency Report which predicts a rise of 21% in the number of businesses worldwide that will be unable to meet their financial obligations this year. This is set to increase by a further 4%, year-on-year (YoY), in 2024.
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