Bankruptcies in Portugal will rise by 20% next year due to inflation, the energy crisis and supply chain disruptions, according to Allianz Trade research released this Thursday.
“Allianz Trade, COSEC shareholder Companhia de Seguro de Créditos, is estimating a 20 percent increase in insolvencies due to mounting inflationary pressures in the global economy, the energy crisis and supply chain disruptions,” he said. statement.
This forecast represents an upward revision from the previous estimate, which indicated an increase in the number of insolvencies in Portugal by about 16% in 2023.
The credit insurer estimates that this year the increase in the number of bankruptcies among Portuguese companies will be about 2%.
The Allianz Trade study also concluded that for the eurozone, estimates point to a 20% rise in insolvencies in 2022 and 18% in 2023.
In the European Union, forecasts point to an increase in insolvency of 18% this year and 17% next year.
“Thus, the old continent should exceed the pre-pandemic level of insolvency already this year, 2022,” the credit insurer said.
In terms of the global economy, forecasts point to a 10% increase in insolvency in 2022 and 19% in 2023, with growth in the United States of America expected to be 2% this year and 38% next year.
On the other hand, in China this year the number of insolvencies should decrease by 7%, but in 2023 the number of insolvencies should increase by 15%.
Author: Lusa
Source: CM Jornal
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