Record wave of bankruptcies: Companies from key sectors are also affected by bankruptcies. After a record high in December, the number of corporate insolvencies remained at an unchanged high level in January.
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, which led to few bankruptcies during the Pandemic. “However, this aid must now be repaid in a persistently difficult environment,” said the institute.