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News

Germany Faces Unprecedented Bankruptcy Surge Since 2009

Reported in EU Today, Germany is experiencing its highest corporate bankruptcy rates since 2009, driven by rising costs, high interest rates, and reduced state support. 

 

According to a study conducted by the Halle Institute for Economic Research (IWH) in late 2024, 4,215 companies declared bankruptcy, a 36% year-on-year increase, resulting in nearly 38,000 job losses. The surge reflects challenges in adapting to rising borrowing costs and the withdrawal of pandemic-era subsidies. Key sectors hit include services (47% rise) and manufacturing (32% rise), impacted by inflation, energy costs, and supply chain issues. 

 

The trend underscores broader economic vulnerabilities in Germany, Europe’s largest economy, affecting consumer confidence, employment, and growth. Policymakers face tough decisions to balance inflation control and business relief, while structural reforms are needed to address long-term challenges. Germany’s struggles highlight risks for other European economies amid global economic pressures.

Source:
https://eutoday.net/germany-faces-unprecedented-bankruptcy-surge/


 

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