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America could see surge in business closures this year: poll

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 ]