HIGHLY LEVERAGED ZOMBIE COMPANIES THREATEN THE GLOBAL ECONOMY
Aruba, July 9, 2019 – Zombie companies could endanger financial stability as the global economic downturn is deeper than expected. The very detailed analysis and graphs, from the Bank for International Settlement’s (BIS) Annual Economic Report, show in no uncertain terms that one of the biggest signs of overheating in the global economy is the level of below investment grade corporate debt and the $3 trillion dollars of leveraged loans. As prolonged trade tensions impede corporations’ ability to plan for the future, geopolitical tensions intensify, and the Chinese continue to deleverage, any of these factors could trigger a significant recession in multiple countries.
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