Germany has reported its highest number of corporate bankruptcies since the global financial crisis of 2009, highlighting the increasing strain on businesses amidst rising costs, high interest rates, and diminishing state support.
According to a study conducted by the Halle Institute for Economic Research (IWH), the economic challenges of 2024 led to a surge in insolvencies, reflecting the struggles of Europe’s largest economy to regain its footing in the post-pandemic era.
Record-Breaking Numbers: A Snapshot of Economic Stress
In the final quarter of 2024, 4,215 companies declared bankruptcy, marking a 36% increase compared to the same period in 2023. This wave of insolvencies resulted in nearly 38,000 job losses—a level not seen…
