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Corporate insolvency rates to grow worldwide

In November 2006 Euler Hermes, the credit insurer, reported:
Economic outlook: global insolvency to increase in 2007
The forecast suggests a peak growth rate of 10% for the USA, as highlighted by Bob Eisenbach at In The (Red), and a global average increase in business insolvency rates of 3%. The UK forecast is also 3%, but with this week's figures from Experian showing 10.7% UK corporate insolvency growth in 2006, posted here, that 3% forecast may be light.

 

 

Date: 3rd January, 2007
Author: Chris Laughton

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