The Great Recession of 2008 sparked the last large-scale restructuring cycle that lasted several years. Many industry professionals believe that we are on the precipice of the next major restructuring cycle due to the combination of inflation, government stimulus, rising interest rates, supply chain disruptions, geopolitical uncertainty, and the lingering impact of the COVID pandemic.
Since the Great Recession there have been significant changes in the capital markets that will differentiate the next cycle in several respects. In this article, Andrew Glenn, Kurt Mayr, Shai Schmidt, and Stacy Tecklin discuss several of the most impactful differences.
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