Live Update 
From the Liveblog of
Tuesday, June 16, 2020
From the Liveblog of
Tuesday, June 16, 2020
Some 70,000 businesses expected to close this year — report
In a sign of the lasting effects of the economic slowdown from the coronavirus pandemic, a Knesset report predicts that some 70,000 business will shut their doors for good in 2020, according to the Ynet news site.
The report says 30,000 businesses are expected to open over the year, leaving Israel with a net loss of 40,000 businesses.
Anecdotal reports have pointed to high rates of “for rent” signs on storefronts in Tel Aviv’s and Jerusalem’s city centers, as small businesses failed to keep their heads above water during the two-month lockdown.
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