Corporate bankruptcies were up in 2023

While several key indicators, such as a notable decrease in inflation and an uptick in consumer confidence, signal an economic turnaround, corporate bankruptcies have followed a divergent trend this year.

Various factors, including escalating interest rates, persistent inflation earlier in the year, and companies grappling with substantial debt amassed during a period of easily accessible funds, have contributed to one of the most active years for corporate bankruptcies in over a decade.

S&P Global Intelligence reports a total of 591 corporate bankruptcies in 2023, marking one of the highest annual bankruptcy counts since 2011, NPR reported.

READ MORE: https://www.npr.org/2023/12/28/1221401948/bankruptcies-corporate-rise-inflation-2023-interest-rates

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