There are some German articles that do talk about it in a bit more detail [0]. It's a mix of reasons 1) Covid grants that delayed bankruptcies, 2) Increase of

There are some German articles that do talk about it in a bit more detail [0]. It's a mix of reasons 1) Covid grants that delayed bankruptcies, 2) Increase of VAT back to 19% for hospitality industries, 3) Increase in construction costs for construction companies, 4) inflation, 5) disruption in trade And this is not just traditional industries, even 1 in 10 startups risk bankruptcy. [1] [0] https://www.tagesschau.de/wirtschaft/konjunktur/studie-insolvenzen-weltweit-100.html https://www.tagesschau.de/wirtschaft/konjunktur/studie-insol... [1] https://www.tagesschau.de/wirtschaft/unternehmen/insolvenzen-startups-100.html https://www.tagesschau.de/wirtschaft/unternehmen/insolvenzen...