© Nastuh Abootalebi/Unsplash
19.03.2021
Business Impairments, Liquidity and State Aid
Special Survey on the COVID-19 Crisis as Part of the WIFO-Konjunkturtest
According to the results of the fifth special survey on the COVID-19 crisis as part of the WIFO-Konjunkturtest of February 2021, 72 percent of companies had faced restrictions on their business activities in the past three months.
The most important restriction was the reduction of orders (42 percent). Companies in industries directly affected by countermeasures to fight the pandemic mentioned closures ordered by the authorities. Supply chain problems, payment delays. problems in hiring new staff and financial bottlenecks were also reported. Although liquidity assessments have not deteriorated dramatically compared with late summer 2020, 19 percent of companies in February reported they would face financial distress unless their business activity develops better than expected. Of the relief measures, COVID-19 short-time work is particularly often used, followed by tax deferrals and the Fixed Cost Allowance (Phase I).
Publications
WIFO-Konjunkturtest Sonderausgabe
19.03.2021
Finalization: March 2021
Project partner Austrian Institute of Economic Research, Economic and Social Science Computing Center
Contractor project: European Commission
Specialist publication: WIFO-Konjunkturtest Sonderausgabe
Please contact
Industrial, Innovation and International Economics
Further news
Retail Business Cycle Report in Cooperation with the Austrian Retail Association
08.05.2025
Video: Research Seminar with Nikolaus Kowall
30.04.2025
Results of the WIFO-Konjunkturtest (Business Cycle Survey) of April 2025
29.04.2025
Exchange between ibw, IHS, L&R, öibf and WIFO
08.04.2025
Austria's GDP Falls by 0.23 Percent in the Short-term and by 0.33 Percent in the Medium- to Long-term
04.04.2025
Results of the WIFO-Konjunkturtest (Business Cycle Survey) of March 2025
28.03.2025
Event postponed due to illness: WU matters. WU talks. - Keynote by Sigmar Gabriel
26.03.2025
Video: Research Seminar with Katharina Wrohlich
24.03.2025
Research Group Macroeconomics and Public Finance
21.03.2025
Video: Research Seminar with Mario Liebensteiner
17.03.2025
Call for Papers – Deadline for submissions: 15 July 2025
07.03.2025
German Society for Tourism Science Honours WIFO Economist
07.03.2025
FutuRes-PV Stakeholder Workshop: Discussion of Characteristics of Austrian Prosumers with Key Stakeholders
06.03.2025