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Coronakrisen has led to fewer bankruptcies than the recovery

There have been fewer weekly average bankruptcies among small firms in coronakrisen than during the economic upswing that characterized the years leading up to the crisis.

It shows a new analysis from the Finance of Denmark, which is the banks ' trade association.

Since coronakrisens beginning is that, on average, been filed 122 konkursbegæringer in Danish companies per week.

It corresponds to around 1800 companies, which in total have had to turn the key on during the crisis.

Compared with the period during the economic upturn from 2013 to 2020 represents a slight decrease in the weekly bankruptcies.

According to the Finance Denmark due to the compensation mechanisms and the help of the banks, as the companies have been able to avail themselves of under the coronakrisen.

- There are signs that hjælpepakkerne have been particularly favorable for the small business., says Niels Arne Dam, who is vice president and chief economist in the Financial affairs of Denmark.

Therefore, he warns that there is a risk that there will prove to be a 'marked increase' in bankruptcies among sole traders and small businesses, when hjælpepakkerne be phased out.

as to the (kompensationsordningerne red.) is rolled back, there are some small companies that will make it difficult, and therefore can cause more bankruptcies, he says.

the Analysis shows, moreover, that it is now slightly larger companies that take up the most konkursstatistikken, compared with the period during the recovery from 2013 to the beginning of 2020.

- It is the normal effect of a large economic negative shock. When there is something in the economy that gets harder, so is it also among the slightly larger firms, we get the seriousness of the looks that some will be challenged, he says.

The bankrupt companies ' employees count only modestly in ledighedsstatistikkerne during the crisis. The sharp increase in the unemployment rate are more closely related to the fact that more companies have had to cut down.

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