Reference News Network July 1 report, according to a report from Russia Today website on June 28, a study by the German economic tracking institution "Credit Reforms" shows that Germany experienced the largest wave of corporate bankruptcies in 10 years this year.

The research report released on June 26 showed that about 11,900 German companies went bankrupt this year. According to the institution, this number increased by 9.4% compared to the same period last year. About 141,000 employees worked at the affected companies.

Patrik-Ludwig Hänisch, head of economic research at "Credit Reforms", said: "Despite some promising signs, Germany is still in a serious economic and structural crisis. Companies are struggling with weak demand, rising costs and ongoing turbulence."

As Germany continues to fight a two-year economic recession, the situation is expected to remain difficult. Hänisch warned that due to "the persistent high level of bankruptcies that are increasingly triggering chain reactions," the wave of bankruptcies may eventually increase in the next six months.

Although Germany's GDP grew slightly by 0.2% in the first quarter of 2025, weak global demand and uncertainty over trade policies continue to affect its economy. A new survey by the Munich Institute of Economic Research published this week shows that uncertainty over a potential trade war with Washington has caused a decline in expectations among German exporters this month. Official data show that in 2024, the United States was Germany's largest trading partner, with a total bilateral goods trade of 253 billion euros.

Klaus Wohlrabe, head of the Munich Institute of Economic Research survey, said: "The threat of tariffs from the United States is still on the negotiating table. An agreement between the EU and the US has not yet been reached." He also said that uncertainty has reduced the expectations of exporters, and the index dropped from -5.0 in May to -7.4 in June. The index measures the optimism or pessimism of German manufacturing companies regarding their overseas sales prospects for the next three months. (Translated by Xu Yanhong)

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