Business insolvency in Colombia would grow 26% in 2021

A report published by the General Council of Economists of Spain (using data from Euler Hermes, Allianz Research, and national statistics) indicates that Colombian business insolvency will grow 26% in 2021. Colombia would be comparatively less affected than its peers (Chile, 29%; Brazil, 45%) and bigger economies (United States, 57%; China, 40%). The report places Colombia among the group of countries that has increased the number of insolvencies by more than 50% above the levels of 2009, in the previous world economic crisis.

Source: Portafolio