Banks are expecting a default rate of 12 per cent to 18 per cent in the year as small businesses remain closed and unable to service their debts. In the face of these challenges and shifts, how can small businesses survive the turbulence? Major economies are driven by small businesses. Sadly, however, these small businesses are most vulnerable to economic shocks. Yet the businesses that partner with others always survive the shocks, coming out stronger from every turbulence.

Source: Standard Digital May 12, 2020 09:33 UTC