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Corporate revenues drop over 25% during lockdown: Survey

by the owl speaks

According to a survey, a majority of high-ranking company executives agree that corporate sales have already decreased by more than 25 per cent during the lockdown and companies may take over a year to return to normal.

The survey, conducted by online investment provider Scripbox, entitled “Covid-19 and Your Money,’ shows the effect of the lockdown on company profits and job losses.

Nearly 67 percent of the top executives , business owners and founders surveyed said company sales during the lockout had already plummeted by more than 25 percent.

Additionally, all respondents agree that business will only return to normal by 2021, while 22 percent business leaders expect it to take more than a year, from when the lockdown ends.

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