Record wave of bankruptcies: Companies from key sectors are also affected by bankruptcies. Number of corporate insolvencies remained at an unchanged high level in January.
Last month, 1,077 companies filed for bankruptcy; in December there were 1,78. In addition to the current difficult economic conditions, the IWH also cited the Corona aid paid during the pandemic as the reason for the increasing numbers. These were often paid to companies that were unproductive before the crisis. This puts too much strain on many weaker companies.