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LONDON, May 5, 2021 /PRNewswire/ In most countries across the world in 2020, there were more people who knew someone who stopped a business than knew someone who started one, according to the Global Entrepreneurship Monitor (GEM) 2020/2021 Global Report.
Among the adults (ages 18-64) from 43 economies, participating in GEM s Adult Population Survey (APS) during the summer of 2020, 43% knew someone who had stopped a business in 2020 as a result of the pandemic, while 25% knew someone who had started a business amid the pandemic.
New GEM Research: 43% of Survey Respondents Know Someone Who Stopped a Business Due to the Pandemic