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Signs on door of a Graeter's ice cream parlor in the Hyde Park neighborhood of Cincinnati during government-mandated closings. The COVID-19 pandemic impacted the United States restaurant industry via government closures, resulting in layoffs of workers and loss of income for restaurants and owners and threatening the survival of independent restaurants as a category.
Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here.. Small businesses across the country are being forced to shutter and even lay off employees as the ...
Due to the COVID-19 pandemic, Congress and President Trump enacted the $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES) on March 18, 2020. The Congressional Budget Office estimated that the budget deficit for fiscal year 2020 would increase to $3.3 trillion or 16% GDP, more than triple that of 2019 and the largest ...
Individuals who have continued to shop during the 2019–20 coronavirus pandemic are at an increased risk of contracting COVID-19. [124] Amidst the pandemic, grocery stores and pharmacies continue to remain open and attract crowds of shoppers, thus creating the potential to further spread contagion. [ 124 ]
At the same time, more small businesses have entered the market with a notable start-up boom emerging during the pandemic as people worked to turn passion projects into lucrative businesses.
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The COVID-19 pandemic caused far-reaching economic consequences [1] including the COVID-19 recession, the second largest global recession in recent history, [2] decreased business in the services sector during the COVID-19 lockdowns, [3] the 2020 stock market crash (which included the largest single-week stock market decline since the financial ...
Businesses of all sizes, many of which are facing the prospect of bankruptcy, will be able to participate in the different programs. There is also a crucial change in how the $350 billion in ...