đš BREAKING: 452 Large Companies Declare Bankruptcy Year-to-Date â 2nd Highest in 14 Years
đ¶ 452 large companies have declared bankruptcy so far in 2024, the second-highest number in 14 years.
đ¶ This is only surpassed by the 466 bankruptcies in 2020 when lockdowns halted economic activity.
đ¶ In August alone, 63 firms went bankrupt, up from 49 in July, marking the 4th worst month in 4 years.
đ¶ The consumer discretionary sector leads with 69 bankruptcies, followed by 53 in industrials and 45 in healthcare.
For the first time since the pandemic, the economy appears to be slowing down, with more volatility expected ahead.
