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Economics Flash - German corporate insolvencies: There’s still more to come

  • The so-called announced corporate insolvencies, which are derived from reports of local courts, declined 17% mom in April 2021. We think that the latest decrease is largely a technically-driven breather after exceptionally strong rises in the previous two months (March: +37% mom; February 2021: +30% mom). It is likely that corporate insolvencies remain on an upward trend for the time being.

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