/Pogled.info/ The number of companies in the EU that filed for bankruptcy in the second quarter of 2023 increased for the sixth consecutive quarter, according to data published by Eurostat on August 17.
The number of bankruptcies rose by 8.4% on a quarterly basis compared to the previous quarter, reaching the highest level since data collection began in 2015.
Rudy Aernud, the European Commission’s former chief economist, said retail had seen its earliest wave of bankruptcies since last year, with several grocery and fashion chains in Belgium, Germany and France forced to close. due to falling demand.
The main reason for this is the effect of the sanctions against Russia, which caused the energy crisis, which in turn led to an increase in energy prices, which started the problem of high inflation. To combat high inflation, the European Central Bank had to raise interest rates, which in turn hampered economic growth.
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