Just when the smaller companies that are key to economic growth need banks’ help the most, traditional lenders are, once again, turning away.
Even if central banks pull off the seemingly impossible and curb demand sufficiently to bring inflation back to target without crushing economies, creditors still expect business failures to rise, especially among smaller companies.
In mid-January, the International Association of Credit Portfolio Managers (IACPM) released its most recent survey of banks, insurance companies and private credit funds.
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