Tag: small business closures

US Economy Loses $12 Trillion to COVID Lockdowns, Mandatory Business Closures Cited as Top Reason

February 1, 2023
AMERICABusiness & Marketsbusiness closuresBusinesses in COVID-19CCP VirusCOVID-19 lockdownseconomypandemic restrictionssmall business closuresUS
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U.S. GDP fell during the pandemic due to COVID-19 lockdowns and resulted in trillions of dollars in losses in these past years, a consequence mainly driven by mandatory business closure policies, according to a study by researchers from the University of Southern California (USC). By the end of 2022, the pandemic had cut $12.2 trillion…

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A Fifth of Canada’s Small Businesses Face Closure: Business Federation

November 30, 2022
CanadaCanadian Federation of Independent BusinessCovid impactsmall business closuresWorld
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A majority of small businesses in Canada have not rebounded to pre-pandemic levels, a Senate national finance committee heard yesterday. “Only half of small businesses are back to normal sales from pre-pandemic levels,” testified Dan Kelly, CEO of the Canadian Federation of Independent Business (CFIB), according to Blacklocks Reporter. “Two thirds of small Canadian firms are…

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