Bankruptcies are expected to rise by 77% in the year ahead, business experts have told the Financieele Dagblad.
With the end of very low interest rate loans and government coronavirus support packages, credit insurer Atradius expects a strong rise in companies going bust in 2023.
Atradius says that bankruptcies have risen 9% this year, compared with 2021, and expects another 77% rise on this year in 2023. ‘We expect things to return to the pre-corona level,’ senior economist Altradius Theo Smid told the paper. ‘Some of the companies that have been kept afloat due to government support will still fall.’
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