Global Business Failure Report, June 2011:

• “Business failures have dropped globally, but remain elevated compared with pre-crisis levels.
• Failures decreased particularly strongly in Q4 2010 in emerging economies such as South Africa, Brazil, Poland and Singapore.
• The Nordic Region was the only region to record an increase in insolvencies in Q4.
• There is a rising risk that the global economic slowdown will lead to a reversal of the recent
  downward trend in insolvency levels towards the end of 2011.

• Rising insolvency levels: Austria, Australia, Hungary, Switzerland, Taiwan, UK.
• Falling insolvency levels: Brazil, Canada, France, Germany, Poland, South Africa, US”