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One fifth of German firms fear for their survival amid pandemic

Europe Materials 6 July 2020 09:53 (UTC +04:00)
Around one fifth of German companies (21%) believe their survival is threatened by the coronavirus crisis, Germany’s Ifo institute said on Monday
One fifth of German firms fear for their survival amid pandemic

Around one fifth of German companies (21%) believe their survival is threatened by the coronavirus crisis, Germany’s Ifo institute said on Monday, with travel agents, hotels and restaurants particularly concerned, Trend reports with reference to Reuters.

“We could see a wave of insolvencies in the coming months,” Ifo researcher Stefan Sauer said.

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