Global Insolvency Outlook 2026-27 Analysis

This report from Allianz Research provides an analysis of the global insolvency outlook for 2026-27. It outlines the factors influencing corporate insolvencies, including the impact of tariffs and trade rerouting. The document details how the Trump administration's import duties have reshaped global trade flows without triggering a surge in US insolvencies, with large firms benefiting from price moderation by foreign exporters. The report predicts a rise in global business insolvencies by 6% in 2025 and an additional 5% in 2026, before a slight decline in 2027. It highlights regional variations, noting that countries dependent on exports may face increased insolvencies, particularly Canada, France, Spain, and the Netherlands. The report also discusses potential risks, including tighter financing conditions and economic growth that may not stabilize insolvency rates. The analysis emphasizes the need for careful monitoring of economic indicators and the potential for increased bankruptcies in various sectors.