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Coronavirus: Small business carnage
  • Vitaliy_KiselevVitaliy_Kiselev

    New rumors are that closing will keep for 3-4 months at least.

    Closing of borders and food/small shops closure will keep 2-3 years (some statements of Eastern European officials).

    It is expected that 30% of small businesses will go down in 2 months, another 50% in 5 months and last towards end of the year.

    We will see some stimulus packages, but none of them will allow business owners and workers to survive themselves (as they will cover only some recurring payments and taxes).

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