Taking a deep dive into the outlook for global insolvencies in 2024 is Allianzs 2023 research report Global Insolvency Outlook 2023-25: From maul to ruck?, which suggests that a back to back acceleration is looming, with global insolvencies forecast to further accelerate in 2024 (up 10 percent year on year from 6 percent in 2023), before stabilising with a limited improvement in 2025. In both years, the global outcome would result from a broad-based dynamic. Moreover, in 2024, a majority of countries (four out of five) would contribute to the upside trend, with a plus 9 percent year on year increase in simple average for the countries concerned.
In terms of jurisdictions, the US (up 22 percent), Italy (up 24 percent) and the Netherlands …
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