The embattled private sector: The strength by which the coronavirus disease
(COVID-19) has brought the private sector into its knees has been unprecedented.
From large corporations to small businesses, no entity has been spared by the
pandemic.
At the start of the global health crisis, many governments worldwide had enforced
lockdown orders to contain the spread of COVID-19. This action restricted the movements
of people and goods, e ectively grounding to a halt the once vibrant activities
during the pre-pandemic period and inevitably resulting in enormous economic
fallout. A study conducted by Congressional Research Service1 predicts a 3 to 6 per
cent cut in global economic growth in 2020, with a partial recovery still being a possibility
if no second wave of infections takes place...Know More
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