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More German businesses go bankrupt amid weak economy, high inflation | DW News

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A sharp uptick in the number of German firms beginning insolvency proceedings is raising eyebrows in Europe's largest economy. Some 762 firms declared bankruptcy in September — a 34% increase from the same period last year.

And the upward-trend is set to continue this month and the next, according to the Halle Institute for Economic Research. Its new report suggests that by November up to 40% more companies could be beginning insolvency proceedings, compared to the same period last year.

#Germany #Economy #Bankruptcy

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Category
Europe
Tags
DW News, DW Business, Germany
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