KUKE: 1,200 companies will go bankrupt this year. A 11% y/y increase

The Export Credit Insurance Corporation (KUKE) estimates that In 2019, about 1,200 companies will declare bankruptcy, 11 percent up from the 1,081 companies that filed for bankruptcy or restructuring last year.

KUKE bases its forecast on assuming the rate of economic growth in 2018 at the level below 4 percent. It also takes into account lower than previously predicted GDP growth in the euro zone area, which is where most of Polish exported products and services are being sold.