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🚹 **BREAKING: 452 Large Companies Declare Bankruptcy Year-to-Date – 2nd Highest in 14 Years** đŸ”¶ A total of **452 large companies** have declared bankruptcy in 2024 so far, making it the second-highest number of bankruptcies in the last 14 years. đŸ”¶ The only year with more filings was **2020**, when **466** companies went under due to pandemic-related economic shutdowns. đŸ”¶ In **August alone**, **63 firms** went bankrupt, up from **49** in July, marking the **4th worst month in 4 years**. đŸ”¶ The **consumer discretionary** sector leads with **69 bankruptcies**, followed by **53 in industrials**, and **45 in healthcare**. For the first time since the pandemic, the economy appears to be slowing significantly, with expectations of more volatility ahead. #Bankruptcy #Economy #Volatility #Marketupdater
🚹 **BREAKING: 452 Large Companies Declare Bankruptcy Year-to-Date – 2nd Highest in 14 Years**

đŸ”¶ A total of **452 large companies** have declared bankruptcy in 2024 so far, making it the second-highest number of bankruptcies in the last 14 years.
đŸ”¶ The only year with more filings was **2020**, when **466** companies went under due to pandemic-related economic shutdowns.
đŸ”¶ In **August alone**, **63 firms** went bankrupt, up from **49** in July, marking the **4th worst month in 4 years**.
đŸ”¶ The **consumer discretionary** sector leads with **69 bankruptcies**, followed by **53 in industrials**, and **45 in healthcare**.

For the first time since the pandemic, the economy appears to be slowing significantly, with expectations of more volatility ahead.

#Bankruptcy #Economy #Volatility #Marketupdater
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