According to the Wall Street Journal and World News Network, impacted by the continuous rise in interest rates, a large number of enterprises in the United States have filed for bankruptcy this year, setting the highest record since 2020, which economists believe may have a devastating impact on the US economy.
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.