Coping with the pandemic COVID-19 impact on business.
Position | FAST FACTS |
55% business operations strongly affected by pandemic and imposed measures such as lockdowns
60% difficulty accessing inputs
75% face reduced sales
Micro and small firms more impacted than large firms
Hardest hit continent is Africa 2 out of 3 companies
Services Sector hit hardest almost 80% of food and accommodation businesses
Almost 40% face liquidity crisis with clients not paying bills
Majority calls on governments for tax waivers or other financial support
Over 50% struggle obtaining information about COVID-related assistance programmes
Boosting transparency and access to information is critical
Risk of closing within...
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