Germany Headed for 54% Surge in Insolvencies, Study Finds

Closed sunshades stand in front of a restaurant of the chain Vapiano in Berlin, on April 2.
Photographer: Odd Andersen/AFP via Getty Images

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By Fabian Graber

May 18, 2020 at 12:22 PM UTC

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The economic damage caused by the Covid-19 pandemic will tip as many as 29,000 German companies into insolvency this year, an increase of more than 50% from 2019, according to research published Monday.