Covid-19: wave of bankruptcies ahead

The coronavirus is believed to have a tremendous impact on the global economy.

A report by the credit insurer Coface forecasts a sharp increase in the rate of bankruptcies by 2021.

This rate could reach almost 43% in the United States and 37% in the United Kingdom. Hotels, restaurants, events, transport, automobile, metalworking and textile are the most exposed to the risk of bankruptcy.

The pharmaceutical, agri-food and information and communication technology (ICT) industries would not be affected by the crisis.

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