The pandemic paradoxically reduced the number of bankruptcies in Poland

Government support programs delayed the bankruptcy of many companies but did not stop the fast looming economic crisis. It might seem that the difficult market conditions and limitations caused by numerous lockdowns will cause an avalanche in bankruptcies of companies. Paradoxically, the number of business failures has been reduced. Such a situation is observed not only in Poland but also in many other countries around the world.

As for the number of bankruptcies, it fell by 12 percent in 2020.