A 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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