“In 2024, the number of bankruptcies of German companies jumped by almost 17%, as business in the country could not withstand the burden of the shrinking economy.”, — write: epravda.com.ua
In 2024, the number of bankruptcies of German companies jumped by almost 17%, as business in the country could not withstand the burden of the shrinking economy. Bloomberg writes about it. This first indicator does not include the full data for the end of last year, when the situation appears to have worsened. In October, the latest month for which complete data is available, annual growth was 36%, the German statistics agency Destatis said. “The new insolvency figures are a clear warning signal. The outlook for 2025 also does not give much reason for hope,” the Association of German Chambers of Commerce and Industry said in a statement.Advertisement: The lobby group, known by its German acronym DIHK, estimated that the total number of victims in 2024 “significantly exceeded” 20 000. This level has not been broken since 2017. The group’s surveys show that nearly nine out of 10 companies expect business conditions to stagnate or worsen in the coming months, according to Volker Treier, the group’s chief analyst.