New ADB blog on how bussinesses and their workers can be supported in crisis times.
"Many workers will be displaced and many businesses will close as a result of the slowdown caused by COVID-19. Providing support to those affected gives them a fighting chance.
Travel restrictions, store closures and social distancing, prompted by COVID-19, is causing an economic slowdown that may last to the end of 2020 and possibly beyond. Businesses are experiencing a precipitous fall in demand, which is reducing revenue and making it difficult to pay bills, including wages. Layoffs have started. Workers without wages means households without income and that, in turn, leads to difficulty buying food and other essentials."
Click here to read the full article.
Photo: Jérémy Stenuit