Markets: Frankfurt plummets in the ranking of financial centers - these are the reasons
Germany's financial hub has dropped out of the top 20 in the most important global ranking. One reason is bureaucracy. Experts explain how the location can return to the top.
Frankfurt has dropped out of the top 20 most important financial centers in the world, ranking 29th according to the Global Financial Center Index. The city has fallen 14 places and ranks ninth in Western Europe, behind cities such as London, Zurich, and Paris. Within the EU, Frankfurt ranks fifth. The decline of Frankfurt's financial center could have implications for Germany's economy, as it may limit access to large amounts of capital for German companies, particularly smaller ones.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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