Less impact, but many won’t survive

The AXYS group has claimed in a report just published that the economic impact of the second lockdown on the economy will be less than in 2020. “Businesses are better prepared. And it is unlikely that the manufacturing sector will have any cancellation of orders,” Defi cited the report. With the second confinement, the shortfall reportedly varies between Rs300M and Rs350M per day, against

around Rs600M during the first lockdown.After a contraction of 15% in 2020, AXYS expected a recovery