German Corporate Distress Rises as Economy Faces Slower Growth [BNN Bloomberg (Canada)]
Jones Lang LaSalle Incorporated (JLL)
Last jones lang lasalle incorporated earnings: 2/11 07:30 am
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Source: BNN Bloomberg
German corporate distress was the highest since 2020 at the start of this year, according to research published on Thursday. The study, by law firm Weil, Gotshal & Manges LLP, aggregates data from more than 3,750 listed European firms. “German corporates continued to experience the highest levels of distress,” when compared to the UK, France, Spain and Italy, the Weil report said. “Investment hesitancy, alongside ongoing liquidity and profitability challenges, continue to impact firms amid a macroeconomic environment burdened by weaker economic growth.” Germany is encountering a number of headwinds, including the cutoff of cheaper Russian energy supplies, weak Asian demand for exports, as well as higher interest rates. The country is in recession and its economy will hardly grow this year, according to a Bloomberg survey conducted last month. Any upturn is not expected until much later this year, the nation's Economy Ministry warned in a report last month. Among sectors in Euro
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