LORD NEUBERGER OF ABBOTSBURY, MASTER OF THE ROLLS JUSTICE IN A TIME OF ECONOMIC CRISIS AND IN THE AGE OF THE INTERNET

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A conclusion which can be drawn out of above figures is that these liquidation numbers closely follow the ups and downs of economic growth figures in real terms. This is not at all surprising as businesses depend on turnover to create cash flows. Liquidations are a lagging indicator of economic growth; they follow the growth pattern rather than leading it. What above table also makes clear is how bank risks are closely correlated with economic growth patterns. When companies go bankrupt, it usually also means substantial write-offs on loans to these companies: an economic loss. In the years...

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