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Germany sees company bankruptcies soar

Germany's Federal Statistical Office (Destatis) on Friday said 5,209 companies filed for bankruptcy in Germany in the first three months of 2024 — with the trend expected to continue. Experts think the number of corporate insolvencies in Germany will increase to about 20,000 cases this year as part of a longer-term pattern. How do the figures stack up? The latest figure means corporate insolvencies are up 26.5% compared with the first quarter of 2023. They are also 11.2% more than in the first q...

Read more at dw.com

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