Allianz Trade has advised that nearly 70% of all countries will be above pre-pandemic bankruptcy levels by the end of this year, and bankruptcy levels are, in some instances, much higher than anticipated. For example, earlier this year in Belgium, Allianz Trade predicted a bankruptcy increase of +6% for 2024. However, halfway through this year, the score already stood at +11% y/y. Similarly, in Sweden, a rise of +9% was expected for the year; so far, the increase is +58% y/y. Germany was forecast to rise +13% in 2024; now, Allianz Trade assumes +21% for 2024. Notable other risers in Europe are (mid-2024, y/y), Austria (+27%), Ireland (+25%), France (+21%) and Italy (+20%). Better performers are Denmark, where there are sharp declines (-21%), and, to a lesser extent, the UK (-1%). To read Allianz Trade’s article, go to https://www.allianz-trade.com/en_BE/news/latest-news/number-bankruptcies-higher-than-expected.html.