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    HomeNewsOpinionBankruptcies soar as high rates and end of COVID aid hit businesses hard

    Bankruptcies soar as high rates and end of COVID aid hit businesses hard

    ‘Zombie’ firms lose lifeline as increased borrowing costs compound withdrawal of pandemic-era support

    Financial Times
    ©The Financial Times Limited 2020 Dec 18, 2023 / 11:24 AM IST
    All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.
    Bankruptcies soar as high rates and end of COVID aid hit businesses hard

    The surge in bankruptcies will weigh on global economic activity and job growth in the next few years.

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