China News Service, July 21. According to a report by South American Overseas Chinese News on the 20th, Brazil’s National Geographic and Statistics Institute recently announced the "Corporate Pulse Survey: The Commercial Impact of the New Coronavirus", showing that since the new crown epidemic, Brazil has had 716,000. Businesses closed down.
According to reports, the survey shows that the new crown epidemic has had a negative impact on all economic sectors in Brazil, but the impact on trade (39.4%) and service (37%) industries is particularly severe.
According to statistics, among the companies that will not open their doors again after the epidemic, the vast majority (99.8%) are small and micro enterprises. According to data from the Brazilian Small and Micro Enterprise Service Agency, an average of 10% of small and micro enterprises in China close down each year, equivalent to about 600,000. As of mid-June in 2020, more than 700,000 companies have closed down.
According to the report, Pinheiro, Coordinator of Corporate Structure and Special Research, explained, “The data shows that the epidemic has a greater negative impact on business activities that must reach customers, low productivity and labor-intensive, including bars, restaurants, accommodations and achitechive."
According to the survey, the 2.7 million companies that have resumed operations have also felt the economic crisis brought about by the epidemic. Since the COVID-19 pandemic, 70% of companies’ sales or revenue have fallen, and 948,800 companies have had to lay off employees. In addition, only 12.7% of companies can use emergency government credit to pay their employees. During the investigation, only 13.6% of companies said that the epidemic has brought them development opportunities and had a positive impact on business development.
Among all the companies (522,000 companies) that are still temporarily or permanently closed, about 40% said that the current situation is caused by the epidemic.