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  "documentTitle": "Distress Alert July 2025",
  "authorId": "AlvarezMarsal",
  "authorName": "Alvarez & Marsal",
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  "notes": "Includes a data table summarizing distress, performance, and robustness metrics for German firms.",
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      "text": "Corporate distress in Germany has increased steadily, reaching the highest level since the pandemic.",
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      "text": "Adding to the challenges are persistently weak consumer sentiment and a challenging situation in Germany’s city centres...",
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      "text": "Corporate distress in Germany has increased steadily, reaching the highest level since the pandemic. Currently, 11.5% of German firms in our dataset are classified as distressed...",
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      "kind": "source-note",
      "text": "5 https://einzelhandel.de/presse/aktuellemeldungen/14768-hde-prognose-zahl-der-geschaefte-sinkt-2025-um-4-500",
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