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Travel agency during the first Corona wave (archive picture): The tourism industry is still hard hit
Photo: Kay Nietfeld / dpa
Every seventh company in Germany sees its very existence threatened by the consequences of the corona pandemic.
This is shown by a survey by the Munich Ifo Institute.
At 14 percent, the proportion in December is just as high as in the previous survey in June 2021. "Travel agencies and tour operators feel particularly at risk with 73.2 percent and companies from the event industry with 67.4 percent," said the head of the Ifo surveys, Klaus Wohlrabe.
The situation in the hospitality industry also remains very critical.
More than half of the businesses feel their existence is threatened: 52 percent of restaurants and pubs gave this, a little less than in June (55 percent).
In accommodation it was 59 percent, after 52 percent in June.
At the end of the year, 17 percent of companies in retail spoke of a situation that threatened their very existence, three percentage points more than in the summer.
In the manufacturing sector, on the other hand, only six percent of the companies surveyed see their continued existence at risk.
Clothing and printing companies are particularly affected with 21 percent each.
The feared bankruptcy wave in Germany has not yet materialized.
According to the credit reporting agency Creditreform, the number of corporate insolvencies fell by almost 11 percent to around 14,300 cases last year.
That is the lowest value since the introduction of the bankruptcy code in 1999.
Creditreform attributes the fact that, despite the restrictions in many industries and a weak economy, there was no wave of insolvencies to the extensive state aid.
che / Reuters