Covid-19 and the business insolvency time bomb: +26% in Belgium
According to the economists of Euler Hermes, the Covid-19 crisis creates a time bomb in terms of defaults and insolvencies. It is still the calm before the storm at the moment. Even though economic activity is now gradually picking up again, Euler Hermes predicts that the majority of insolvencies will still be coming our way, mainly at the end of 2020 and in the first half of 2021.