German Corporate Distress Rises as Economy Faces Slower Growth [Financial Post (Toronto, Ontario, Canada)]
Jones Lang LaSalle Incorporated (JLL)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Levels of stress at German companies hit the highest level in almost four years, as Europe's biggest economy faces a sustained period of slower growth. 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. Article content Article content “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 As
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