In 2014, business insolvencies will decrease by -12% as expected. Past dues will register their first drop since 2011 (-30%).
However, our Global Insolvency Index will remain 12% above pre-crisis levels. Payment terms posted a further deterioration (73 days this year) and the number of non-payments globally should increase by +23% in 2014. Find out our forecasts for 2015 in The Economic Talk by Euler Hermes.
[youtube]https://www.youtube.com/watch?v=ugG7GHcYz_E[/youtube]
However, our Global Insolvency Index will remain 12% above pre-crisis levels. Payment terms posted a further deterioration (73 days this year) and the number of non-payments globally should increase by +23% in 2014. Find out our forecasts for 2015 in The Economic Talk by Euler Hermes.
[youtube]https://www.youtube.com/watch?v=ugG7GHcYz_E[/youtube]