It was only a short interim high - in 2022 after the corona pandemic, the economy in Germany got going again. But with the outbreak of war in Ukraine, all hopes of a lasting recovery had to be buried.
War and crises have weakened economies worldwide - especially those of industrialized nations. While Europe and the USA are slowly recovering, Germany is lagging behind.
5.65 million citizens over-indebted / “hidden increase” in over-indebtedness / over-indebtedness ratio of 8.15 percent / trend reversal due to persistent inflation and high interest rates / recession as a driver of over-indebtedness
Constricted by bureaucracy, unsettled by the economy and paralyzed by rising costs - Creditreform's current analysis of the economic situation and financing in medium-sized businesses shows very clearly: Companies in Germany are looking bleakly into the near future. They spend a lot of time and energy trying to cope with the general conditions instead of investing resources in further development. How long can this last?
During the last year, 14,578 companies filed for insolvency in Germany. This represents an increase of 4.2 percent in corporate insolvencies in comparison to the same period of the previous year (2021: 13,991 corporate insolvencies).
The number of corporate insolvencies in Germany fell again in 2021. A total of 13,991 companies filed for insolvency last year. Corporate insolvencies thus decreased by 11.8 percent compared with the same period of the previous year (2020: 15,865 corporate insolvencies).
Information service provider positions itself as partner for digital customer journey management
- CRIFBÜRGEL to be renamed CRIF
- Renaming a logical consequence of the expanded solution portfolio
- Focus on identification, credit risk and fraud management relating to consumers and companies