Corporate Debt Study 2023 (German)

The third crisis year in a row after a decade of loose monetary policy
and generous government aid programmes during the COVID-19 pandemic is leaving its mark on European corporate balance sheets, the "zombie ratio" as a KPI of this development is at a new record high of over 6 %.

Sectors that are particularly important for Germany, such as mechanical engineering and automotive suppliers, show a negative KPI development at the European level.
Learn more in our Corporate Debt Study.