The spread of the coronavirus has caused an economic crisis as both companies and individuals have decreased demand on a wide range of a product and service. This crisis has been exacerbated by government measures aimed at restricting the rapid growth of infection and loss of life.
Many businesses have experienced sharp drops in revenue stemming from drops in demand, shortage of supply, and/or government measure. Clearly delineating the source of the drop in revenue is academic detective work. The important issue is that the drop in revenue has created major cash flow issues inside these companies and compelling companies to cut costs. The concern is that companies will cut employment as result, and that the cumulative effect of lower employment will lead to cycle of lower demand and further job loss.
>> Read full statement by the British Chamber of Commerce in the Czech Republic, French-Czech Chamber of Commerce in the Czech Republic, Nordic Chamber of Commerce in the Czech Republic and American Chamber of Commerce in the Czech Republic on the Government „Program Antivirus" attached below in Czech and English.