đš **BREAKING: 452 Large Companies Declare Bankruptcy Year-to-Date â 2nd Highest in 14 Years**
đ¶ A total of **452 large companies** have declared bankruptcy in 2024 so far, making it the second-highest number of bankruptcies in the last 14 years.
đ¶ The only year with more filings was **2020**, when **466** companies went under due to pandemic-related economic shutdowns.
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 significantly, with expectations of more volatility ahead.
#Bankruptcy #Economy #Volatility #Marketupdater
