2024 sees the highest monthly rate of US corporate bankruptcies since the pandemic in 2020, driven by high interest rates, supply chain issues, and slowing consumer spending.
2024 sees a rise in US corporate bankruptcies, with June marking the highest monthly rate since the pandemic in 2020. S&P Global Intelligence reports the year's total has surpassed 13 years' worth of bankruptcies. Key factors include high interest rates, supply chain issues, and slowing consumer spending. The consumer discretionary sector has been the most affected, followed by health care and industrials.
July 08, 2024
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