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Prince Edward Island > Business > Reuters

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

Reuters | Posted: July 6, 2020, 5:35 a.m. | Updated: July 6, 2020, 4:30 a.m. | 1 Min Read

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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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