The credit insurer Allianz Trade expects increasing corporate bankruptcies – in Germany and worldwide.
In their study ‘Global Insolvency in Times of War Economy’, the author: Inside this year with 24,300 bankruptcies in Germany, which corresponds to an increase of around ten percent in the previous year. Risks remained high, said the Germany boss of Allianz Trade, Milo Bogaerts.
The study authors justify the forecast with the probably weak economic growth of Germany, structural challenges such as the energy transition and the customs conflict.
The forecast has improved compared to the previous year: In 2024, the Allianz subsidiary from Paris registered an increase of around 23 percent in the case of bankruptcies in Germany. The development should continue to weaken in 2026; The economist: an increase of about two percent then expect an increase of about two percent.
Germany does poorly in international comparison
Allianz Trade also expects company bankruptcies internationally. An increase of about six percent is forecast compared to the previous year (2024: about ten percent). One reason for the increase is that central banks delayed interest rates, said Allianz Trade boss Aylin Somersan Coqui. High interest rates particularly burdened companies with a high degree of debt.