US EditionMore ‘closed’ signs are popping up. What’s going on?
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More ‘closed’ signs are popping up. What’s going on?
Business payment defaults are rising fast, insolvencies have bounced back, and consumer cost-of-living pain is now rippling heavily through the economy, according to new data from CreditorWatch. The credit reporting agency’s March Business Risk Index (BRI) shows invoice payment defaults were 42 percent higher than in March 2024. Insolvencies also rebounded in February, rising another 17 percent year-on-year in March. Historically, payment defaul…
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