They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival, barely able to pay even the interest on their loans and often just a bad business hit away from dying off for good.
Zombies are commonly defined as companies that have failed to make enough money from operations in the past three years to pay even the interest on their loans. AP's analysis found their ranks in raw numbers have jumped over the past decade by a third or more in several countries.
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