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According to McKinsey & Company, small businesses accounted for almost half of all jobs in the private sector before the crisis. Widespread business outflows cause longer-term unemployment and economic damage than temporary stoppages. It is therefore important to understand which small businesses can remain closed permanently.
McKinsey & Company goes on to say that this knowledge can help executives and policymakers develop short-term protection measures for small businesses, ensure they can participate in the recovery, and put more of them on a more stable footing in recent years will come.
Discover which industries are most at risk and which global small businesses could close permanently.
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