Europe braces for spike in insolvencies as COVID fallout continues

Insolvencies in the UK are set to jump 27 per cent this year as the fallout from the coronavirus continues, according to Atradius. The credit insurer said that the growth in companies going bust will outpace the global figure (26 per cent), with the UK also seeing the largest GDP contraction in Northern Europe. Turkey is expected to see the largest growth in insolvencies globally at 41 per cent, followed by the US and Hong Kong at 39 per cent. European countries such as Portugal, the...