Allianz Trade: Business insolvency in Brazil will increase in 2025 and 2026 with Selic and tariff increase

By Francisco Carlos de Assis and Renata Pedini São Paulo, 10/22/2025 - The Central Bank's maintenance of its contractionary monetary policy for a prolonged period, combined with the impacts of the tariff hike imposed by U.S. President Donald Trump on company finances, will lead to increases in insolvency this year and next. According to the new Global Insolvency Report by Allianz Trade, a world leader in credit insurance, in Brazil business insolvencies are expected to grow by 17% this year, to 4,150 cases. And for 2026, the forecast is for another increase, of the order of 7%, to a new level in 20 years, with more than 4,400 cases. Only in 2027 does the group of Allianz Trade economists predict a reversal of the rising insolvency trend, with a drop of 8%, the text says. The document also brings predictions for company insolvency on a global scale. What is observed is that the rates are lower than those found for Brazil. According to the report, company insolvencies worldwide ...