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As a result of the slowdown in the world economy (just 3 percent growth), 2005 shows a clear change in the trend of business casualties. The Global Index of Business Failures created by Euler Hermes credit insurance is thus expected to rise by 1 percent next year.
Following a slowdown in the reduction of business failures during 2005, the Global Failures Index (GFI) suggests an increase in casualties during 2006 in the main industrialized countries: Germany (+4 percent), the UK (+3 percent), the USA (+3 percent) and Japan (+2 percent) should thus see an increase in bankruptcy filings.
The trend reversal is linked in particular to the U.S., where the destruction caused by hurricane Katrina and ...