Germany is facing a growing economic crisis as corporate bankruptcies have hit the highest level in 20 years:
17,604 companies collapsed last year — data from Leibniz Institute for Economic Research Halle (IWH)
4th consecutive year of rising insolvencies
+115% increase since 2021
+57% above pre-pandemic average (2016–2019)
Even during the 2009 Global Financial Crisis, bankruptcies were 5% lower
Manufacturing sector hardest hit
This data signals deepening economic stress in Germany, which could have ripple effects across Europe and global markets.
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