Zombie companies increased due to cheap debt and rising inflation. They include well-known names like Carnival Cruise Line, JetBlue Airways, and Manchester United. Lack of cash reserves and variable loan interest rates are exacerbating their financial challenges.
The growing number of zombie companies poses a significant risk to the economy. They employ over 130 million people globally. Bankruptcies have surged in the U.S. and other countries, despite being in an expansion, indicating a deeper economic issue.
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