BERLIN—The number of German companies fearing for their survival has fallen significantly, despite the economic risks posed by the war in Ukraine, a survey showed on Monday.
The Ifo institute said that 7.1 percent of the nearly 8,500 companies surveyed feel their existence is threatened, almost half the proportion found in the last survey in January, when the figure stood at 13.7 percent.
“However, sectors that have been hit particularly hard by the coronavirus pandemic still feel threatened. These include the hospitality and event industries, where almost 25 percent of companies are reporting concerns over their survival,” Klaus Wohlrabe, head of surveys at ifo, said in a statement.