Executive Briefings | November 21, 2020
COVID & The Economy—The Cloud Over Every Strategy
While we’re still in the midst of trying to address the public health issues presented by the COVID pandemic, the other big issue is the economic whiplash create by the public health measures. The negative economic effects over the past nine months are many. More than 163,735 businesses closed during the pandemic, of which nearly 100,000 are already known to be permanent closures. It’s not hard to guess which businesses were the hardest hit—the restaurant industry, with 32,109 closures, of which 19,590 are permanent (see <a href="https://www.yelpeconomicaverage.com/business-closures . . .