In the first half of 2023, 110.5 thousand companies suspended their activities in Poland – 66% more than in the whole of 2022. This type of data leads Rzeczpospolita with reference to the Dun & Bradstreet analytical agency based on statistics.
Experts attribute the sharp increase in the number of closed firms to the economic downturn in the country. Entrepreneurs are feeling the effects of inflation, declining demand and the general deterioration in the business environment.
Construction suffered the most – 27 thousand companies stopped working there, which is a quarter of all closures. Trade, high-tech production and manufacturing industries also suffered serious losses.
According to experts, the main reason is the economic downturn, which has hit Polish entrepreneurs hard. Companies are forced to cut back on business due to the sharp increase in costs.
The situation in the construction industry is the most severe due to high labor and material costs. However, the crisis has affected almost all sectors of the Polish economy, forcing entrepreneurs to close their businesses en masse.
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