April Survey: Impact of lockdown on productive sector

A survey conducted by CZI in April revealed that corporates across all sectors of the economy were under stress due to Covid-19 and policy responses to contain the pandemic.

Some of the challenges faced by businesses then included revenue losses, working capital and cash flow difficulties, debt accumulation and servicing fixed costs at nil to low capacity performance levels.

There was also loss of domestic and export markets as well as permanent decline in capacity utilisation which posed huge challenges to business continuity.

Here is more on the April survey.