They restrict the entry of new, more productive companies, diminish job creation in the economy and lock capital into unproductive uses. In a word, they are a menace to the economy and society #recession
World economy will follow the โWay of Japanโ ๐ฏ๐ต
Central bankers will take an active (in practice, permanent) role in the financial markets. The hope is that this would keep the global asset bubble inflated and the world economy going #recession
While Japan ๐ฏ๐ต fell into a prolonged economic malaise, the Finnish ๐ซ๐ฎ economy returned to growth just four years after the onset of the crisis
What caused the difference between these two outcomes? #recession
The zombie share peaked in 2010 at 16% and declined in the subsequent recovery by a mere 2 percentage points. Since 2015 the share of zombie companies is already rising again
Probability of a zombie remaining a zombie in the following year rose to 85% in 2017 #recession#economy
๐ฆ๐บ Australians racked up enormous debts as rising incomes and falling interest rates allowed them to take out larger mortgages to pursue escalating property prices #Australia#debt#recession