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Developments in business solvency and demographics in Spain since the outbreak of the pandemic

Author

Listed:
  • Roberto Blanco
  • Marina García

Abstract

The COVID-19 crisis has had a significant impact on the economy and affected Spanish businesses' economic and financial situation, albeit with high sectoral heterogeneity. This article analyses how this crisis has affected business solvency and demographics in Spain by means of various indicators. The analysis shows that to date this shock has had a very moderate impact compared with previous crises, largely thanks to the measures deployed by the economic authorities to mitigate its effects. However, there are some latent risks that could materialise, especially if the economic recovery proves to be less robust than anticipated.

Suggested Citation

  • Roberto Blanco & Marina García, 2022. "Developments in business solvency and demographics in Spain since the outbreak of the pandemic," Economic Bulletin, Banco de España, issue 3/2022.
    • Handle: RePEc:bde:journl:y:2022:i:03:d:aa:n:13
    Note: Analytical Articles
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    File URL: https://www.bde.es/f/webbde/SES/Secciones/Publicaciones/InformesBoletinesRevistas/ArticulosAnaliticos/22/T3/Files/be2203-art13e.pdf
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    More about this item

    Keywords

    business demographics; businesses; solvency; COVID-19.;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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