According to credit insurer Allianz Trade, companies worldwide will face an increase in insolvencies for the third year in a row in 2024. “This trend will also apply to Germany – albeit with a delay compared to most other European countries,” predict the economists at the Hamburg-based Allianz branch. “According to the Allianz Trade Insolvency Study, the ongoing economic weakness, structural challenges and tighter financing conditions are likely to cause even more German companies to get into financial difficulties in 2024.” According to the study, the number of insolvencies among German compa…