cover image: Business dynamics during the COVID pandemic - Business dynamics seem to be slowing down in the

20.500.12592/z9cwws

Business dynamics during the COVID pandemic - Business dynamics seem to be slowing down in the

29 Apr 2021

The main findings of this research are: • Business dynamics in 2020 – entries, exits and bankruptcies – look quite different from business dynamics in the years preceding the corona crisis or during the financial crisis. [...] CPB COVID-19 Publication – Business Dynamics During The COVID Pandemic Page 8 of 18 3.2.2 International comparison of exits Business exits have declined in most of the advanced countries in 2020 except the Netherlands. [...] Figure 5: Change in bankruptcies (%, from 2019 to 2020) Source: CBS, local authorities of respective countries and OECD 3.4 Summary of changes in business dynamics during COVID In 2020 business dynamics looked very different from business dynamics in the years preceding the corona crisis or during the financial crisis of 2008/2009. [...] The influx of new businesses in 2020 was comparable with the number in 2019, and high as compared to the financial crisis where the number of new businesses dropped by 14% (see Figure 6). [...] CPB COVID-19 Publication – Business Dynamics During The COVID Pandemic Page 13 of 18 4 Concluding remarks The change in business dynamics during the COVID pandemic has been quite different to that of the financial crisis or the years preceding the COVID pandemic.

Authors

CPB

Pages
18
Published in
Netherlands

Tables

All