Preliminary data from the Federal Statistical Office (Destatis) reveals a substantial surge in insolvency applications in Germany. January witnessed a remarkable 26.2% increase compared to the same period last year, surpassing December's 12.3% rise. This persistent trend of double-digit growth rates since June 2023 underscores the intricate dynamics of the economic landscape.
pull down to refresh
This is so scary. Germany does business everywhere.
It's the canary in the coal mine.
Do you have a news link you are pulling this from? I would like to read the full story.
Yes of course: https://www.tagesschau.de/wirtschaft/unternehmen/firmenpleiten-insolvenzen-januar-100.html