National Shutdown will be Catastrophic for Businesses in SVG.


Despite the increase in Covid-19 cases in St.Vincent and the Grenadines(SVG), Executive Director of the Chamber of Industry and Commerce, Anthony Regisford said a national shutdown will be catastrophic for businesses.Despite the increase in Covid-19 cases in St.Vincent and the Grenadines(SVG), Executive Director of the Chamber of Industry and Commerce, Anthony Regisford said a national shutdown will be catastrophic for businesses.


In an interview with SVGTV News , Regisford said last year a number of businesses saw a reduction in demand for their goods or services including bars, gyms, hairdressers and spas.


He said while no official evaluation of the economic effects of the pandemic has been carried out locally, the Chamber of Industry and Commerce saw reduction in revenue of 30%, as evidence of the pandemic’s impact .


Regisford is hopeful that SVG can avoid any extended lock down noting that conditions are not favourable for small economies like SVG to absorb the effects of a shut down.



237 views0 comments

© 2023 by Lite FM Bequia ALL RIGHTS RESERVED