Thursday 13 May 2021

Dutch bankruptcy rate continues to decline, despite Brexit fears

economic growth exports rotterdam portThe number of companies going bust in the Netherlands will continue to decline this year, despite the impact of Brexit, credit insurance group Atradius said on Thursday.

The company says the number of bankruptcies will shrink by 6% over 2016, meaning just under 7,000 firms will be forced to call it a day.

In 2017, the bankruptcy rate will go down by 4% to 6,600, Atradius said. The Netherlands has faced economic difficulty in the wake of the 2009 recession, but is going through a period of catch-up growth mainly driven by higher domestic demand, the company said in a statement.

‘Dutch companies differentiate themselves from most other countries in a positive way but here too the speed at which the bankruptcy rate is falling is slowing down,’ chief economist John Lorié told website Nu.nl.

‘In addition, Dutch companies have to be well aware of the risks they can run doing international business in a global economy.’

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