Tracking business dynamism during the COVID-19 pandemic: New cross-country evidence and visualisation tool (Vox EU)

Vox EU: Tracking business dynamism during the COVID-19 pandemic: New cross-country evidence and visualisation tool. “Business dynamism is key for creative destruction and to foster resource reallocation – both crucial elements of long-run economic growth. This column uses a new data visualisation tool to reveal large sector- and country-level heterogeneity in the impact on business dynamism of the COVID-19 crisis in 2020 and in recovery. Initially, firm entry fell sharply in all countries, but the pace of recovery varied across countries. Bankruptcies fell and remained below pre-crisis levels well into 2021. The tool allows users to monitor the evolution of key indicators over the recovery period, keeping track of sector-specific patterns.”

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