Small businesses in dire state, McKinsey report shows
More than half of the enterprises surveyed are considering scaling down operations
The small business sector, which accounts for about a quarter of private sector jobs, faces widespread contraction, with more than half of them considering scaling down their operations, a report from consultancy firm McKinsey & Company says.
According to the report, more needs to be done by both the government and the private sector to support small businesses through the Covid-19 crisis. ..