Business
An invasion of corporate zombies may still be on the horizon – Sydney Morning Herald
When the pandemic hit there was expected to be a wave of corporate failures. It hasn’t eventuated, but there are grave fears over what the future holds.
Have, however, those massive injections of financial support to businesses and households and the deluge of near-costless liquidity and credit from the central banks averted the economic threats posed by the pandemic or simply deferred them?
The Bank for International Settlements the bank for central banks has published a series of analyses in recent years looking at the phenomenon of zombie companies, or those companies with low growth rates and poor prospects whose profits dont cover their interest…
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