The global upswing is driving another projected 4% decline in insolvencies across advanced markets this year. Broad-based economic growth and still-low interest rates underpin the improvement, but we are reaching a turning point. Risks to the global outlook are increasing, especially stemming from trade policy uncertainty and monetary tightening. This will likely put the brakes on the downward trend in global insolvencies with only a 1% decline forecast for 2019.
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