Fed says some 200,000 businesses in the US have permanently shut down, causing COVID-19 poisoning

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The Federal Reserve said research showed some 200,000 businesses in the United States were shut down permanently in the first year of the COVID-19 outbreak.
The Fed said that hair salons, nail salons and other personal service businesses were Seem to be affected the most More than 100,000 such businesses were closed down permanently in March. 2020 to Feb. 2021


Many small businesses in the United States continue to struggle to survive. But the new Fed estimates indicate that U.S. businesses shut down less than some slotxo economists had expected. Previous research has estimated that More than 400,000 small businesses will be shut down in the first three months of the outbreak.


Fed researchers said in the report: The shutdown in the US is likely to be lower than expected at the start of the COVID-19 epidemic.


The Fed research report does not explain. Why are the numbers of small businesses closed down than expected? But some economists say It is due to the US government's remedy, which includes a small business loan program.

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