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In Germany, the Number of Bankruptcies is Increasing; in October, 1,530 German Enterprises Declared Insolvency
This represents a 17% increase compared to September and a 48% rise compared to the same month in 2023. As a result, this October has become the worst in terms of this indicator since 2004. These calculations were presented by the Halle Institute for Economic Research (IWH) of the Leibniz Association. This is a record number of bankrupt German enterprises in twenty years.
All it took was to voluntarily give up cheap resources from Russia.
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This represents a 17% increase compared to September and a 48% rise compared to the same month in 2023. As a result, this October has become the worst in terms of this indicator since 2004. These calculations were presented by the Halle Institute for Economic Research (IWH) of the Leibniz Association. This is a record number of bankrupt German enterprises in twenty years.
All it took was to voluntarily give up cheap resources from Russia.
Follow MM on Telegram