Fig. 21
From: Firm bankruptcies and start-up activity in Switzerland during the COVID-19 crisis
Start-up rates in different sectors before and after start of COVID-19. Notes: The figure shows the monthly start-up rate (= monthly seasonally adjusted frequency of new firm formations divided by the stock of firms) in the sectors of the Swiss economy before and after the start of the COVID-19 crisis as compared to the start-up rate in the respective rest of the economy. The last month before the crisis start (= month 0) is February 2020. The dotted lines are the average bankruptcy rates over the 22Â months before or after the crisis start