Zombie Firms: Navigating The Looming Threat Of Higher Interest Rates Authored by Robert Burrows via BondVigilantes.com, Everyone knows that the best way to…
According to a recent study by the International Monetary Fund (IMF), corporate zombification is on the rise globally, leading to negative effects on healthy firms. In India, the focus on addressing zombie firms was temporarily abandoned during the COVID-19 pandemic, allowing these unviable businesses to continue operating. This has resulted in a duopoly emerging in sectors such as telecommunications and aviation, benefiting dominant players like Jio Infocomm and IndiGo.
The world’s leaders had so many topics demanding their attention at recent summits that the parlous state of the global economy was overshadowed. Summit attendees could be forgiven for keeping quiet given the likelihood of continued monetary tightening and a 2023 of contraction and recession.