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Global insolvencies are rising for the first time in a decade with the greatest uptick seen in the UK, reports leading economists at trade credit insurer Atradius

The Insolvency Outlook report by Atradius forecasts business failure rates in developed markets will increase by 2.8% this year – the first rise since the global financial crisis. The rise is largely driven by the loss of momentum in the global economy with growth forecast to slow from 3.2% last year down to 2.6%.

Across Western Europe, business failures are forecast by Atradius to increase by 2.7% this year and 0.7% in 2020. Slowing economic growth, the escalation of the US-China trade war and looming uncertainty surrounding Brexit and Italian politics are the key drivers of the upswing. According to the Atradius Insolvency Outlook, the UK faces the highest insolvency increase across all advanced markets, forecast to rise...

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