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U.S. Bankruptcy Tracker: ‘Artificial’ Economy Awaits Fallout

  • ‘Government giveaways’ stoke overblown economy, Lauria says
  • U.S. sees three large corporate bankruptcies in latest week

Easy-money policies and pandemic-driven government spending have created an “artificially inflated” economy that could lead to a “massive boom in restructurings,” according to Tom Lauria, global head of restructuring at law firm White & Case.

“We continue to see significant restructuring activity, particularly in the energy industry, travel-related services, pharmaceuticals and in other sectors that are exposed to potential mass tort liability,” Lauria said in an interview. “But, more importantly, the current economic climate is artificially inflated.”