Potential 'tsunami' of businesses going bankrupt once subsidies end, warns economist

Dan O'Brien said there is concern that Government subsidies have created a "backlog" of employers that are doomed when those subsidies end.

Economist Dan O'Brien says the number of firms winding up has fallen worldwide during the pandemic, something which has been described as "extraordinary". Picture: Gareth Chaney/Collins

An economist has warned of a potential "tsunami" of businesses going bankrupt over the coming months.

Dan O'Brien says the number of firms winding up has fallen worldwide during the pandemic, something which has been described as "extraordinary".