Can this be true? If so, the US economy may be in deeper trouble than most think. Review website ‘Yelp’ reported that of all business closures since March 1, 41% are permanent closures. The Restaurants category is the hardest hit, where Yelp said a whopping 53% are reported to be permanent closures. That was followed by Shopping & Retail at 35% permanent closures, Fitness at 26% permanent closures, and Beauty & Spas at 24% permanent closures. (chart from yelpeconomicaverage.com)
Can this be true?
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June 29, 2020