Insolvencies for Western Europe rise in 2019 / US-China trade war and Brexit key drivers / Nearly 30% of invoices are unpaid at due date / Atradius report
Western Europe is facing its first annual increase in insolvencies in years and the trend is expected to continue in 2020, due to the global economic slowdown, the US-China trade war and looming uncertainty surrounding future relations between the UK and the EU, according to credit insurance specialist Atradius. The “October 2019 Atradius Payment Practices Barometer” survey for Western Europe shows the region is expected to end the year with a 2.7% rise in bankruptcies, climbing an additional 0.7% in... (13.12.2019)