We're still seeing a zombie economy, according to the BBC. Specifically, zombie businesses.
The rise of so-called zombie companies is, to some extent, a consequence of the UK's current record low interest rates.
Struggling companies can just about afford the interest payments on their loans, but not much more...
A zombie company is one which is generating just about enough cash to service its debt, so the bank is not obliged to pull the plug on the loan”.
"A zombie company is one which is generating just about enough cash to service its debt, so the bank is not obliged to pull the plug on the loan," explains Mark Thomas, business strategy expert at PA Consulting and author of The Zombie Economy.
"The company can limp along, it can survive, but it hasn't got enough money to invest."
Interesting zombifies others, too:
There are zombie households, too - those on interest-only mortgages, yet unable to pay off the loan itself.
Perhaps we'll refer to this era's crisis as The Zombie Recession.
(thanks to Ed Webb)
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