The prognosis for improvement of insolvencies in 2015 weakened. According to the latest forecasts issued by Crédito y Caución, credit insurance company, reducing the overall number of insolvencies in the world at the end of 2015 will be located at 7%, down from 10% forecast in the spring. The strong performance of insolvencies in many countries have been poorer than originally planned.

In the euro zone, the insolvency conditions improved, driven by economic growth and improved credit conditions. However, the predictions of many markets have been revised downwards, in a business climate still complicated.

“In May, it seemed that the strengthening of economic recovery would eventually facilitate a better functioning of the French and Greek companies. The spring forecast for 2015 indicated a reduction of 2% in the number of bankruptcies in France and for the first time since 2007, a stabilization of insolvencies in Greece, “say analysts at Credit y Caución.

But despite the economic “solid performance during the first quarter in France, the number of insolvencies increased during the course of the year. In Greece, the stress of the debt crisis increased uncertainty, particularly with regard to redemption program, which again weakened the business climate. It is expected an increase in the number of business bankruptcies 9% in 2015 and 6% further in 2016, “say the analysts of credit insurer. (Read more)

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