Companies Survey for the first quarter of 2020—Main Findings
Companies Survey for the first quarter of 2020—Main Findings
07/05/2020
The
Companies Survey, which was conducted from the middle of March through the
middle of April of this year, indicates a dramatic contraction of business
sector activity in the first quarter of 2020, due to the coronavirus crisis and
the economy’s switch to reduced work under an emergency format. The net balance
in the overall business sector declined sharply in the reviewed quarter to a
very negative level, slightly above the level reached in the first quarter of
2009 and similar to the level reached in 2001–02 (Figure 1 and Table 1).