Coronavirus will kill over half of small businesses in three months
(Worthy News) – More than half of U.S. small businesses will close within three months if the coronavirus crisis is not solved.
Goldman Sachs surveyed more than 1,500 small-business owners over March 16-17, according to Axios. The survey focused on small-business owners’ ability to survive the economic downturn caused by the coronavirus.
More than half, 51%, said that they would close their business within three months if the pandemic is not largely solved, and 96% said they have already felt the economic impact of the health crisis. Three-quarters of business owners said they have already seen a noticeable drop in sales. 53% said their employees cannot telework, and just 13% of business owners expressed confidence in their plans to weather the crisis. [ Source: Washington Examiner (Read More…) ]
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