Reported 6 months ago
A recent Associated Press analysis revealed a significant increase in the number of publicly-traded 'zombie' companies worldwide, reaching nearly 7,000, with 2,000 in the U.S. These firms are burdened with debt, struggling to pay loan interest. As about $1.1 trillion is due for repayment by zombies through the year-end, potential impacts on the economy and concerns arise. The growing number of bankruptcies and closures could affect over 130 million employees globally, highlighting the risks posed by these companies to the financial system.
Source: YAHOO