The restaurant industry also appears particularly vulnerable to a long disaster. Restaurateurs believed that they had a 74{2d8c17bafba5507d608fc07a6c2b8e5320905e8b2368c36333b09f6ba4193dc7} chance of survival if the disaster lasts 1 mo, but when the crisis lasts four mo, they gave themselves a 29{2d8c17bafba5507d608fc07a6c2b8e5320905e8b2368c36333b09f6ba4193dc7} likelihood of survival. Under a 6-mo crisis, they anticipated to survive with only a 19{2d8c17bafba5507d608fc07a6c2b8e5320905e8b2368c36333b09f6ba4193dc7} likelihood. Likewise, the possibility of survival for corporations in tourism and lodging drops to 25{2d8c17bafba5507d608fc07a6c2b8e5320905e8b2368c36333b09f6ba4193dc7} by the 6-mo mark. Meanwhile, banking and finance, real estate, and professional companies reported they will have the ability to weather extended disruptions far better than these more uncovered sectors. Drawing on a survey of greater than 5,800 small businesses, this paper provides perception into the economic influence of coronavirus 2019 (COVID-19) on small businesses.
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