The proportion of corporations that may’t afford to pay the curiosity on their debt has reached a brand new all-time excessive within the wake of c
The proportion of corporations that may’t afford to pay the curiosity on their debt has reached a brand new all-time excessive within the wake of central financial institution intervention.
Our essential dialogue: The rise of zombie corporations.
A zombie agency is an organization that may’t afford to service its debt from working earnings. These corporations are made attainable by artificially low rates of interest, they usually drain assets from the financial system.
On immediately’s episode, NLW explains: