Some 63% of small- and mid-sized businesses said they are likely to lose at least a quarter of their revenue this year.
People wearing facemasks wait to buy vegetables at a market vegetable stall as essential retailers reopen from the coronavirus shutdown.Smaller-sized businesses have been battered during the six months of the coronavirus pandemic but are feeling confident about their ability to withstand a second wave, according to a survey released Tuesday.
However, the wheels of the domestic economy, hit by its steepest one-quarter downturn in history, are beginning to churn again. GDP, which fell at a nearly 32% pace in the second quarter, is expected to rebound by about the same level in the third quarter, raising the potential that the 2020 recession could be the shortest in U.S. history.and manufacturing has bounced back as well.
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