Why are German bankruptcies increasing?

German bankruptcies are on the rise due to the ending of government aid and the gradual removal of delayed insolvency filing requirements, which had previously mitigated bankruptcies during crises like the COVID-19 pandemic and energy crises.

What do the statistics reveal about corporate insolvencies in Germany?

The data shows a notable increase in corporate insolvencies in the first half of 2023, with a 20.5% rise compared to the previous year. A total of 8,571 insolvencies were reported in local courts during this period.

What is the impact of these bankruptcies on creditor claims?

Creditor claims in Germany have surged, amounting to approximately €13.9 billion in the first half of 2023, a significant increase from the roughly €8.2 billion reported in the first half of 2022.

How has the European Commission revised its growth projection for Germany?

The European Commission has drastically reduced its growth projection for Germany in 2023, now predicting a 0.4 percent contraction in the German economy, in contrast to its earlier estimate of 0.2 percent growth. This reflects a shift towards a recession.

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AdminJune 27, 2024

German bankruptcies sharply increase as life support schemes end

German bankruptcies sharply increase as life support schemes end According to recent data made available by the Federal Statistical Office,…
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