Issue 55 April – June 2020 (COVID-19 Special)

28-07-2020
Author(s): ECES Economists
Publication Number: ECES-BB55

This issue of the Business Barometer comes at an exceptional time; as the world is waging a fierce battle against the Corona virus (COVID-19). It aims to explore the impact of the disease on businesses, especially in light of the measures taken by the Government to deal with the crisis and contain the decline in economic activity. The Business Barometer Index (BBI) dropped in the fourth quarter of FY2019/2020 (April-June 2020) to 36 points, its lowest level in ten years, compared to the period preceding the outbreak (October-December 2019) of the same fiscal year; as data for the period (January-March 2020) is unavailable.