Roughly 15% of German companies are reportedly in distress, the largest number in the bloc The German economy is in for a difficult year after contracting in the final quarter of 2023, as inflation and high interest rates continue to weigh on the industry, Bloomberg reported this week, citing analysts. According to the Federal Statistical Office (Destatis), Germany’s economy stagnated in October-December 2023, with GDP falling by 0.3%. While inflation eased in January to 3.1%, it stays persistently higher than the target 2% rate. The surge in consumer prices over the past months has led to a jump in interest rates
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