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One fifth of German firms fear for their survival amid pandemic: Ifo - Metro US

One fifth of German firms fear for their survival amid pandemic: Ifo

The skyline of the banking district is pictured in Frankfurt

BERLIN (Reuters) – Around one fifth of German companies (21%) believe their survival is threatened by the coronavirus crisis, Germany’s Ifo institute said on Monday, with travel agents, hotels and restaurants particularly concerned.

“We could see a wave of insolvencies in the coming months,” Ifo researcher Stefan Sauer said.

(Reporting by Michelle Martin; Editing by Scot W. Stevenson)

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