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)