The German economy has lost momentum, inevitably leading to the collapse of many businesses, the Daily Wrap reported. According to Deutsche Welle, in July, the number of bankruptcies declared by German companies reached its highest level in a decade. One sector has been particularly hard hit. According to data from the Halle Institute for Economic Research (IWH), the economic slowdown has contributed to an increase in the number of company bankruptcies in Germany, reaching the highest level in about ten years.
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