Corporate insolvencies are set to rise worldwide by 5% next year, which would be the fifth consecutive increase, according to a forecast by international insurance company Allianz Trade.
In Germany, insolvency activity is expected to remain at 24,500 cases, representing a slight increase of 1%, making it the highest level in more than a decade, the company, a subsidiary of the major insurer Allianz, predicted in a statement published on Tuesday.
“In 2026, the number of cases will be at its highest level in 12 years,” a statement from Allianz Trade, which is based in Paris and Hamburg, read.
The consequences of trade conflicts could soon test the…