Zombies suck life from UK economy

Yes zombies, or the undead, is a threat to the economy now. But in all seriousness, many individuals also manage their finances like this. I only spend what I have. I don't own a credit card. Zombies are threatening the UK economy, reveals KPMG. The accountancy firm says the number of zombie companies — businesses that are only able to pay interest on their debts and not reduce the debt itself — is rising, with 8% of UK-listed companies displaying zombie-like symptoms over the past three years. New data suggests that in 2018 alone, that figure rose to 14% — with the highest proportion of affected businesses in the energy sector (23%), followed by automotive (17%) and utilities (15%). ?

Yes zombies, or the undead, is a threat to the economy now. But in all seriousness, many individuals also manage their finances like this. I only spend what I have. I don't own a credit card. Zombies are threatening the UK economy, reveals KPMG. The accountancy firm says the number of zombie companies — businesses that are only able to pay interest on their debts and not reduce the debt itself — is rising, with 8% of UK-listed companies displaying zombie-like symptoms over the past three years. New data suggests that in 2018 alone, that figure rose to 14% — with the highest proportion of affected businesses in the energy sector (23%), followed by automotive (17%) and utilities (15%). ?

Probably the most misunderstood risk for the global economy and investors is the danger created by the 'zombie companies'. They have the potential to turn a normal downturn into a self-enforcing #recession. #globaleconomy #zombies #normalization