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At a global level, the upward trend in business insolvencies continued in 2019 (+9% y/y), mainly due to the prolonged surge in China (+20%) and, to a lesser extent, a trend reversal in Western Europe (+2%) and North America (+3%).
After eight months of political deadlock, two elections in 2019, and tedious negotiations with the left-wing regionalist party ERC, socialist PM Pedro Sánchez was finally able to secure a simple majority in Parliament (by a magin of only two votes) and will now form a government.