The Leibniz Institute for Economic Research Halle (IWH) reveals alarming figures. In February, the number of insolvencies among individuals and corporations soared to its highest point since data collection commenced in 2016. Notably, southern Germany emerges as a focal point for the surge in insolvency cases. With 1,193 insolvencies recorded in February, marking an 11 percent increase from the previous month, a staggering 43 percent surge from the same period last year, and a significant 28 percent rise above the February average of the years before the lockdowns (2016-2019), the economic repercussions are profound.
21 sats \ 4 replies \ @Coinsreporter 13 Mar
So, you're indicating that one of my cousin who has recently been employed in Germany doesn't have a bright future ahead!
I don't know but what I can see from your all posts. You're always telling us the grimmer negative side of Germany. Will you ever post something positive?
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1 sat \ 0 replies \ @TomK OP 13 Mar
if you want to read nice intellectual garbage about Germany, all you have to do is go to the state press.
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0 sats \ 2 replies \ @TomK OP 13 Mar
it depends on what he does for a living. and about Germany: as soon as there is a good development there - a change in policy, growth or structural reforms - I will of course report on it. Germany is the economic heart of the eurozone and the indicator for further progress
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0 sats \ 1 reply \ @Coinsreporter 13 Mar
He is in some software firm. Is the software industry still in good shape there?
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0 sats \ 0 replies \ @TomK OP 13 Mar
Software is indeed a very stable area so far. I do not think that a serious crisis is to be expected.
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