Companies around the European continent report negative signs related to payments and debts, such as increased bad debt losses, later B2B payments and higher debt risks ahead. The European Payment Report 2019, from the leading European credit management services company Intrum, also shows that the increase in bad debt losses follows several years of decline, marking that we may have passed a turning point. Almost one-fifth (18 per cent) believe their country is already in a recession.
Figures from the report:
· Companies report 2.31 per cent bad debt losses in 2018, as a share of