Bankruptcies in Portugal are expected to rise by 20% next year due to inflation, the energy crisis and supply chain disruptions, according to a study by Allianz Trade released this Thursday.
“Allianz Trade, a shareholder of COSEC — Companhia de Seguro de Créditos, estimates that insolvencies will increase by 20% as a result of mounting inflationary pressures in the global economy, the energy crisis and supply chain disruptions,” he said. a statement.
This projection represents an upward revision from the previous estimate, which pointed to a growth in insolvencies in Portugal of around 16% in 2023.
For this year, the credit insurer estimates the growth in the number of bankruptcies at Portuguese companies at around 2%.
The Allianz Trade study also concluded that estimates for the eurozone point to 20% insolvency in 2022 and 18% in 2023.
In the European Union, forecasts point to an 18% increase in insolvencies this year and 17% next year.
“The old continent should therefore already exceed pre-pandemic insolvency levels by this year 2022,” the credit insurer emphasized.
As for the global economy, the forecasts point to a 10% increase in insolvencies in 2022 and 19% in 2023, and in the United States of America, growth is expected to be 2% this year and 38% next year.
China, on the other hand, is expected to see a 7% decline in insolvencies this year, but should register a 15% acceleration in insolvencies by 2023.
Source: DN
