A survey conducted by the Small and Medium Enterprises Association has found that two out of three SMEs believe that their businesses are unlikely to recover this year.<br /><br />The association’s central chairperson William Ng said the survey also found that 16% of respondents think that their business will only recover in 2023.<br /><br />In a statement issued yesterday, he also said that the current full movement control order is particularly devastating to a majority of the SMEs.
