Recently, a new real estate crisis that broke out in China after the Evergrande crisis has been on the agenda of investors. The failure of some real estate companies to make their bond payments and the sharp declines in the stocks of real estate companies are the cornerstones of the crisis.
However, a report by JPMorgan revealed the plight of real estate development companies operating in China, the world’s second largest economy. According to a report released by the US-based financial services firm JPMorgan, the global corporate bond default volume will increase in 2023. 40 percent It will create real estate development companies operating in China. Default refers to the failure to pay a debt on time.
Russia draws attention in the bank’s other expectations regarding the default volume. According to the report, about 30 percent of the global default volume will occur in Russia, which has been at war with Ukraine for a while. It is reported that this situation is especially effective with the sanctions of Europe and the USA against the country.
