Covid-19: Towards a rise in corporate failure rate in 2020

liquidity crisisIn a worrying economic context, the credit insurance expert Euler Hermes forecasts an 8% increase in the default rate of French companies.

The French government's support measures should make it possible to avoid a liquidity crisis for businesses in the short term. However, due to their fragility prior to the Covid-19 epidemic, some of these companies will struggle to pay their debts.

Apart from France, Euler Hermes expects an international failure rate of more than 14% in 2020. The biggest concerns target China (+15%), the European Union (+16%) and the United States (+8%).

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