The number of major bankruptcies in the United States has hit a three-year high and experts fear the economy could be hit hard
六月清晨搅
发表于 2023-10-12 12:33:52
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According to data released by financial analysis firm Standard & Poor's Global, the number of large corporate bankruptcies in the United States has hit a record high since 2020, with 459 companies filing for bankruptcy this year, including 16 large companies with assets of more than $1 billion.
Economists have warned that a rise in bankruptcies of giant companies could have devastating consequences for the economy. Rising bankruptcies, along with a weak stock market and a surge in credit-card delinquencies, will add to recession fears. U.S. companies have been operating on ultra-low interest rates for the past few years, but now they are under intense pressure as loans come due and interest rates continue to rise.
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