The recent increase in bankruptcies is probably related to measures to support businesses during the pandemic. Businesses that would have otherwise failed in 2020 were kept afloat by the measures and failed in 2021 instead. The number of bankruptcies in 2021 was only 1.7% higher than in 2019 before the virus arrived. While 22 cantons recorded an increase in cases, Geneva, Jura and Appenzell Innerrhoden all reported fewer bankruptcies. In Zurich the number rose by 12.5%.
