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UK insolvency levels will continue to rise - Ana Boata, Euler Hermes PDF Print E-mail
Friday, 28 July 2017
Ana Boata, European Economist at Euler Hermes, the world’s leading trade credit insurer, said:  “Business insolvencies have been on the rise for three consecutive quarters, up +3.6% y/y in Q1 2017, after 17 consecutive quarters of falls.”  “We expect the level of UK insolvencies to rise by +5% in 2017 and +6% in 2018. The main culprits are the predicted slowdown in GDP growth (to +1.4% in 2017) as consumers stop providing the cushion for the economy, while investment opportunities are increasingly impacted by Brexit. In addition, pressures on margins in the context of high indebtedness are adding additional burden on companies.”
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