More German businesses go bankrupt amid weak economy, high inflation | DW News
October 11, 2022
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4:07Now PlayingMore German businesses go bankrupt amid weak economy, high inflation | DW News
YouTube Description
as posted by the channelA sharp uptick in the number of German firms beginning insolvency proceedings is raising eyebrows in Europe's largest economy. Some 762 firms declared bankruptcy in September — a 34% increase from the same period last year.
And the upward-trend is set to continue this month and the next, according to the Halle Institute for Economic Research. Its new report suggests that by November up to 40% more companies could be beginning insolvency proceedings, compared to the same period last year.
#Germany #Economy #Bankruptcy
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