Due to the global pandemic, we are seeing zombie companies do play a very important role in the overall health of the economy. For example, a zombie company that employs a large number of people may receive a government bailout in order to avoid massive job losses that have a huge societal impact.
During the current pandemic, we are not seeing these bailouts from the government or private creditors. This has resulted in job loss rates reaching all-time highs as more and more zombies collapse.
—————————————-
Have a story you want USA Herald to cover? Submit a tip here and if we think it’s newsworthy, we’ll follow up on it.
Want to contribute a story? We also accept article submissions — check out our writer’s guidelines here.
