A recent survey piloted by Jamaica Manufacturers and Exporters Association (JMEA) indicated that more than half or just about 60 per cent of businesses surveyed in the country’s productive sector have seen a decline in revenues as the COVID-19 pandemic continues its onslaught on operations globally.

While the vast majority said their revenues were severely impacted, another 24 per cent of them reported their revenues as being stable and 16 per cent indicated increased revenues.

In commenting on the findings of the COVID-19 impact survey, JMEA President Richard Pandohie told the Jamaica Observer that the decline in revenue comes as no surprise given that the entire world is experiencing contraction, of which local companies prove to be no exception.

http://www.jamaicaobserver.com/business-observer/jmea-reports-60-per-cent-decline-in-may-viewed-as-potential-tipping-point-for-many-businesses_193027