Germany records spike in corporate bankruptcies ...News

A sluggish economy and rising costs have led to a double-digit insolvency rate The number of corporate bankruptcies in Germany has soared over the past year, the Federal Statistical Office (Destatis) reported on Thursday. The trend has been attributed to weak economic performance and rising costs in the EU’s largest economy. According to preliminary data, the number of regular insolvencies filed in Germany rose by 22.9% in October 2024 compared to the same month of last year. Except for June 2024 (which saw an increase of 6.3%), the corporate bankruptcy growth rate has been in the double-digit range since June 202

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