Report Finds COVID-19 Impacts Unrelenting on the Pacific Private Sector
Despite ongoing adverse impacts and delayed recovery expectations, the July survey showed stability in optimism among the majority of respondents with 70 per cent of Pacific businesses confident their business will survive the COVID-19 crisis, compared to 69 per cent last wave.
Source: Supplied Thursday, 29 July 2021 13:41 PM
The fifteenth Pacific Trade Invest (PTI) Pacific Business Monitor reports that sentiments among the Pacific business decision-makers remain critical and expected timelines for economic recovery are shifting back further.
COVID-19 impacts on Pacific businesses have remained at severe levels since tracking began in May 2020, with between 79 to 92 per cent of respondents consistently reporting a negative impact. The recent July survey reinforced this ongoing severity with 84 per cent of respondents reporting a negative impact. Of Pacific respondents 33 per cent were from the touris