Reported about 12 hours ago
Germany's export-driven economy is becoming increasingly distressed compared to the rest of Europe, with forecasts indicating it will rank as the most distressed market for a second consecutive year. Factors contributing to this rise in distress include faltering global demand, high inflation, and significant cost-cutting measures by major industries like automotive and chemicals. The overall distress in Germany could surpass levels seen during the pandemic, particularly affecting its suppliers who are facing insolvency due to weakened demand and increasing financial pressures.
Source: YAHOO