From April to June, Germany recorded as many corporate insolvencies as in two decades. The Leibniz Institute for Economic Research in Halle reports a new high. No improvement is in sight.
German companies are going bankrupt more frequently. Between April and June, there were as many insolvencies as in 21 years, according to the Leibniz Institute for Economic Research in Halle.
The institute sees no signs of a quick recovery. The figures come from a recent analysis of insolvency proceedings.
The trend affects mainly small and medium-sized firms across sectors. Experts attribute it to ongoing economic pressures.
