ifo: 15 percent of German companies fear closure

By: Trademagazin editor Date: 2020. 12. 01. 11:02

Fifteen percent of German companies feel existentially at risk from the coronavirus crisis, according to a survey by the ifo economic research institute at the University of Munich.

In a report sent to MTI, ifo explains that the survival of 15 percent of German companies is threatened by the coronavirus crisis, according to questions asked in the November business sentiment survey. According to Klaus Wohlrabe, head of research at ifo, “although this is an improvement on June, when 21 percent felt existentially threatened, the rate is still very high at 86 per cent among travel agents, 76 percent at hotels and 62 percent at restaurants”. (MTI)