"Money has never been cheaper. Governments and central banks have acted quickly to make it both plentiful and accessible to support companies through the pandemic downturn. The cure, however, has a sting in its tail. As policymakers begin to unwind job retention schemes and other support measures the concern is that economic recovery will be held back by a proliferation of debt-laden companies shuffling across a corporate twilight zone: a whole generation of zombies....Even before the Covid-19 crisis, a decade of low interest rates helped to fuel a rise in the number of “living dead”: companies unable to cover their debt-servicing costs from profits in the long term....The pandemic has created new ones. There are also fears of a proliferation of unviable “zombie jobs”, kept on life support through furlough schemes. People working in sectors struggling under strict social-distancing rules, such as hospitality and retail, are especially vulnerable....Allowing zombie companies to limp along, unable to invest or repay their debts, comes at a cost to the wider economy. Research has shown these companies are a drag on productivity growth."
quinta-feira, junho 25, 2020
I see zombies everywhere!
Em Outubro passado escrevi aqui no blogue em, "Produtividade e socialismo (parte III)", sobre as empresas zombies em Portugal, na altura supostamente seriam mais de 20%.
Já em Dezembro de 2018 tinha escrito aqui no blogue sobre o grito: "Deixem as empresas morrer!"
Já em Maio deste ano voltei ao tema com "E a zombificação?"
Agora no FT pode-se ler "Reasons to fear the march of the zombie companies":
BTW, desta vez não estou de acordo com Bruno Maçães e vamos deixar a realidade decidir quem tem razão.