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Financial expert warns: Insolvencies are increasing, but there is no wave of bankruptcies in sight
According to a report from www.n-tv.de, significantly more companies in Germany are filing for bankruptcy. Nevertheless, there is no wave of insolvencies, but rather catch-up effects. Bankruptcy filings rose 12.3 percent in December compared to a year ago, and that trend is expected to continue. Insolvencies in the transport and warehousing sectors as well as in other economic services have increased, as have consumer bankruptcies. Bankruptcies in Germany continue to increase and this trend is expected to continue in the future. The lack of economic activity and high interest rates contribute to companies becoming insolvent. According to experts,...
Financial expert warns: Insolvencies are increasing, but there is no wave of bankruptcies in sight
According to a report by www.n-tv.de, significantly more companies in Germany are filing for bankruptcy. Nevertheless, there is no wave of insolvencies, but rather catch-up effects. Bankruptcy filings rose 12.3 percent in December compared to a year ago, and that trend is expected to continue. Insolvencies in the transport and warehousing sectors as well as in other economic services have increased, as have consumer bankruptcies.
Bankruptcies in Germany continue to increase and this trend is expected to continue in the future. The lack of economic activity and high interest rates contribute to companies becoming insolvent. According to experts, this trend will continue to rise, but they emphasize that this is not a wave of bankruptcies. Bankruptcy filings rose 12.3 percent in December compared to the previous year, reflecting the difficult economic situation and ongoing challenges for businesses. It is expected that insolvencies in transport and other economic services will continue to increase.
Experts emphasize that government interventions such as Corona aid have merely postponed structural changes. Despite the increase in bankruptcies, it should be noted that the number of bankruptcies is still within normal limits, even if there is a moderate increase. Corporate bankruptcies are expected to remain at an elevated level, but will not reach the peaks of the 2000s. The development in the real estate industry and in companies with an eroded business model is being particularly monitored because there are structural problems here.
Overall, it can be said that insolvencies in Germany continue to rise and have increased in various economic sectors. This could have an impact on the labor market, the financial sector and the economy as a whole. Measures to support businesses and stimulate economic growth will therefore continue to be important.
Read the source article at www.n-tv.de