Zombie Companies: What Are They and Why We Should Be Afraid | Zombie Company | Economics | Business | ENDEVR Explains

In a year of pandemic and recession, fewer companies failed. Weird, no? This was a result of a combination of furlough schemes to reduce wage bills, state-backed loans to provide liquidity and laws to avoid bankruptcies. And it worked, it saved a lot of companies. But some say surviving in cheap debt and government aid is not a healthy option. The result could end up being a whole new group of what economists call zombie companies. And just like in the zombie movies, they are dead but feed off the living. In this video, we explain what can lead to more Zombification and how we can possibly avoid this phenomenon in a post-pandemic world.

Sources: https://bit.ly/Sources_ZombieCompanies
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