Business and Finance Business and Finance
Mon, May 12, 2025
[ Today @ 02:48 PM ] - fox6now
Kitchen gift guide
[ Today @ 02:46 PM ] - WSAZ
Scenic summer travel

America could see surge in business closures this year: poll


Published on 2025-05-12 13:40:41 - Newsweek
  Print publication without navigation

  • The report found half of surveyed small business owners expect their revenue to decline due to current or future tariffs.

A recent survey conducted by Alignable, a small business referral network, indicates that the United States might experience a significant increase in business closures in 2023, with 48% of small business owners expressing concerns about having to shut down within the next 12 months. This fear is attributed to ongoing economic challenges, including inflation and difficulties in hiring, which have persisted since the onset of the COVID-19 pandemic. The survey, which polled over 6,700 small business owners across the country, revealed that sectors such as restaurants, retail, and beauty services are particularly at risk. The data suggests a potential economic downturn, as these closures could lead to increased unemployment and further strain on the economy.

Read the Full Newsweek Article at:
[ https://www.newsweek.com/america-could-see-surge-business-closures-this-year-poll-2071019 ]

Similar Business and Finance Articles