Business bankruptcies have climbed to an 11-year high, with small firms hardest hit by Germany's anemic growth. Economists warn of job losses but see tentative signs that the insolvency wave may be leveling off.
I mean last year bankruptcies were very high too but the number of newly founded companies was also at a record high. A lot of things are changing right now. That‘s for sure.
Yeah, the number of bankruptcies in Germany are more or less and the same level as they were before the pandemic, as the stats show. We see similar developments in all countries for which there are reliable public data.
I mean last year bankruptcies were very high too but the number of newly founded companies was also at a record high. A lot of things are changing right now. That‘s for sure.
Yeah, the number of bankruptcies in Germany are more or less and the same level as they were before the pandemic, as the stats show. We see similar developments in all countries for which there are reliable public data.