Live Update From the Liveblog of
Thursday, August 27, 2020
Government survey: 1 in 5 businesses warn they won’t survive in current market
A poll conducted by the Central Bureau of Statistics shows one in five businesses (19 percent) say they will not survive another three months in current market conditions.
Meanwhile 79% of businesses reported a drop of at least 25% in August revenue.
The survey finds that 11.5% of workers have lost their jobs since the outbreak of the coronavirus crisis, while another 6.4% are currently on unpaid leave.