Based on our microsimulations, we estimate that 78% of firms will be distressed and loss-making due to the pandemic. 40.7% and 32.6% of firms will record losses larger than their cash and working capital buffers, respectively.
Distressed Firms % of Total
![](/~/media/Com/2020/Files/Economic-Analysis/Economic-Charts/oikonomika-diagrammata-22092020-eng.png?la=el)
Source: ICAP DATA.Prisma, EC, Piraeus Bank Research