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Bankruptcies in Portugal are expected to rise by 20% in 2023.

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...