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According to the credit insurer Allianz Trade, companies worldwide will face an increase in insolvencies in 2024 for the third year in a row. This trend also applies to Germany - albeit at a slower...
The number of bankruptcies among German companies is expected to increase by 13 percent in 2024 compared to the previous year. Economists at the Hamburg-based Allianz subsidiary predict that this development will also affect Germany with a slight delay. The reasons for this are the persistently weak economic development, increased loan interest rates and the numerous structural challenges facing the German economy. In 2004, almost 40,000 corporate bankruptcies were registered, but in 2022 there were only 14,590. Before the outbreak of the corona pandemic, there were almost 19,000 (2019)
According to credit insurer Allianz Trade, companies worldwide will face an increase in insolvencies for the third year in a row in 2024. "This trend will also apply to Germany - albeit with a delay compared to most other European countries," predict the economists at the Hamburg-based Allianz branch. "According to the Allianz Trade Insolvency Study, the ongoing economic weakness, structural challenges and tighter financing conditions are likely to cause even more German companies to get into fi
BERLIN, Feb. 28 (Xinhua) -- Global business insolvencies in 2024 are to rise for the third year in a row, according to a study published by credit insurer Allianz Trade on Wednesday. The total number of cases is expected to increase by 9 percent year-on-year.
BERLIN, Dec. 22 (Xinhua) -- In the third quarter of 2023, residential real estate prices in Germany fell by an average of 10.2 percent compared to the same period last year, the steepest drop since data collection began in 2000, the Federal Statistical Office (Destatis) said on Friday.