Corona crisis threatens existence of companies – the situation is that bad

The Corona crisis threatens the existence of numerous companies. Yes, you could imagine. But how bad is the situation overall? The ifo Institute has just published a survey according to which 21 percent of companies in Germany believe their survival is threatened by the corona crisis. The impairments caused by the corona crisis threaten their existence. According to ifo currently a wave of insolvencies could be imminent in the coming months. And we would like to add: From October onwards, when the special corona rules expire and bankrupt companies are obliged to file for insolvency again, the great wave of insolvencies could roll through Germany. Back to ifo. Here are detailed statements in the wording:

This applies above all to service companies. 27 percent of them classified themselves as at risk. In trade, the figure was 18 percent, in industry 17 percent and in construction only 2 percent. The travel agencies and tour operators are particularly shaky with 85 percent, the hotels with 76 percent and the restaurants with 67 percent. But 55 percent of creative people, artists and entertainers also see their existence threatened. They are followed by shipping with 50 percent and the movie industry with 48 percent.

In industry, it is above all the metal producers and metalworkers. 53 percent consider themselves to be at risk. They are followed by textile manufacturers with 38 percent, the printing industry with 28 percent, the leather industry with 27 percent and car manufacturers and their suppliers with 26 percent. In the retail sector, it is mainly retailers with 21 percent. The wholesale trade is less affected with 15 percent.

ifo Umfrage zur Coronakrise bei Unternehmen
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