German companies struggle to secure loans as economic uncertainty persists

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German companies are finding it increasingly difficult to obtain funding, according the Munich-based think tank, the IFO Institute.

The group’s Credit Constraint Indicator, which measures firms’ access to bank loans, was reported at its highest level in seven years on Monday.

More specifically, 32.9% of around 2,000 surveyed businesses reported restrictive behaviour on the part of banks in September. That’s up from 27.1% in…