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On a drip, OECD countries are for the moment curbing the wave of bankruptcies

Business loans, financing of the wage bill with measures such as short-time working, tax deferral, debt moratoriums, extension of loan guarantees … Most governments in the 37 OECD countries have put hard work in 2020 to support companies stranded by Covid-19 restrictions. As a result, business bankruptcies fell by 30% on average in 2020, according to a report released Thursday by the OECD. Note that this risk of seeing a wave of bankruptcies breaking out has, in particular, been ruled out for small and …

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