Germany’s Company Insolvencies Seen Heading Toward 2017 High
- Total for May is up almost a third from a year earlier
- Economy shrank in second quarter and may hardly grow in 2024
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German insolvencies rose in May by almost a third from a year earlier, according to data that a lobby group warns is now on track to breach a level last seen in 2017.
Results for the month showed that local courts reported 1,934 corporate insolvencies with claims of about €3.4 billion ($3.7 billion), numbers on Friday published by Germany’s statistics office showed.